KEYTAKEAWAYS
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Bitcoin nears $95,000 as speculative trading rises and macro fears ease, showing strong short-term bullish momentum.
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Bitcoin’s market cap surpasses silver, driven by ETF inflows and rising institutional interest amid improving sentiment.
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BTC breaks from tech stocks, boosting hopes of a “digital gold” narrative supported by macro trends and halving optimism.
CONTENT
BITCOIN NEARS KEY RESISTANCE AT $95,000
On April 23, Matrixport posted on social media that speculative trading is rising and futures open interest is growing due to the recent market recovery.
While Bitcoin has not yet broken through the key $95,000 level, the chances of it happening are increasing as concerns over Trump’s tariff comments ease. BTC is showing signs of a short-term uptrend.
Analysis:
In the short term, Bitcoin may trade between $93,000 and $97,000. Investors should watch tariff policies and macroeconomic data.
While fear in the market has eased, volatility remains. In the long run, institutional demand and the halving cycle continue to support upward momentum.
BITCOIN MARKET CAP SURPASSES SILVER
On April 23, according to 8 Market data, Bitcoin surged past $93,000, pushing its market cap to $1.849 trillion—surpassing silver’s $1.841 trillion—and ranking it as the 6th largest asset globally.
Analysis:
Bitcoin surpassing silver is a major milestone that reflects its strong rally. The move was supported by easing tariff fears and ongoing ETF inflows. Market sentiment is improving, but high volatility remains a risk.
BTC may test $95,000 soon. In the long term, continued institutional adoption and the halving effect could push the market cap even higher, possibly challenging Alphabet.
BITCOIN DECOUPLES FROM U.S. STOCKS: DIGITAL GOLD NARRATIVE RETURNS
On April 23, Bitcoin crossed the $90,000 mark for the first time since early March, boosting optimism that it may finally be breaking its close link to U.S. tech stocks. On Tuesday, BTC rose 6.77% and continued to climb during early Asian trading on Wednesday, reaching $93,883.
Meanwhile, the U.S. dollar index slightly rebounded after hitting a three-year low. The Nasdaq 100 recovered after a sharp drop but still remains below its early March highs.
Analysis:
Bitcoin’s breakout above $90,000 and signs of decoupling from tech stocks reflect strong support from ETF inflows, reduced tariff fears, and increased speculation. Surpassing silver in market cap strengthens its mainstream asset status.
While hopes for a lasting decoupling are growing, sustained momentum will require more institutional support and favorable macro conditions.
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