Bitcoin surpasses $90,000, bull market returns quickly

Asli | Odaily Planet Daily ( @OdailyChina )

Penulis: Golem ( @web3_golem )

Cow, come back quickly!

Last night, Bitcoin rose above the $90,000 mark, now at $92,925, and today it hit a high of $94,000, a 24-hour increase of 6.37%, a new high since March 3. At the same time, Bitcoin surpassed silver and ranked seventh in the global asset market value. Other altcoins also started to rise. According to Quantify Crypto data, most of the top 200 altcoins in market value rose in 24 hours, with ETH rising by more than 12% and SUI rising by more than 21%.

Dalam hal perdagangan derivatif, Kaca Koin data shows that in the past 24 hours, the entire network has liquidated $581 million, mainly short orders, with an amount of $507 million. In terms of currencies, BTC liquidated $294 million and ETH liquidated $117 million.

Such a strong trend has caused Eugene, a well-known trader who has been bearish before, to express his concerns . Bitcoin has reached $90,000, and the price has climbed to my wall of worry. The bearish preference has more or less failed. If this situation continues, I will look for longs in altcoins. SOL may be the current test option.

Gold鈥檚 purchasing power spills over into Bitcoin

In the past month, a series of policies such as Trumps tariffs have caused turmoil in the global market, investors are risk-averse, and funds prefer to allocate gold, a long-standing safe-haven asset. According to TradingView data, gold has been on an upward trend since 2025. Yesterday, gold hit $3,500 per ounce, setting a record high. The current market value of gold is $22.545 trillion.

The (traditional) market generally believes that Bitcoin, as digital gold, also has a high risk-averse attribute. Against the backdrop of a continued correction in U.S. stocks and a weakening U.S. dollar, BTC can still rise against the trend. Therefore, when gold continues to rise and breaks new highs, some funds will also overflow into Bitcoin.

Robert Kiyosaki, author of Rich Dad Poor Dad, has also repeatedly put Bitcoin and gold on the same level, pointing out that those who take action and invest in gold, silver or Bitcoin in the face of the coming financial disaster will likely become wealthy after the coming economic collapse. He firmly believes that by 2035, Bitcoin will reach $1 million, and gold and silver will also appreciate significantly.

Trump admits defeat, Musk backs down

Another important factor in the market recovery is that Trump finally admitted his mistake and Musk also made political concessions. Charles Gasparino, a senior reporter for Fox Business Channel, dikatakan ,

Today is a day of compromise in the market: Trump made concessions on trade policy and Powells stay; Musk also announced that he would gradually withdraw from the government efficiency department and return to Teslas main business in May. The market is like this, it will always force you to bow your head and admit defeat. If you ask me: Make Caving Great Again!

According to the Wall Street Journal, Trump dikatakan at the White House on Tuesday that although he hopes the Fed will cut interest rates more aggressively, he has no intention of firing the current Fed Chairman Jerome Powell. Trump had previously fiercely criticized Powell on social media, saying that the sooner he leaves, the better, and expressed his intention to remove Powell. The relevant remarks once caused market turmoil. Trumps latest statement has significantly warmed up market sentiment, with the US dollar and US stock futures rising and gold falling.

Before Trumps official statement, Citis chief economist and European Central Bank President Lagarde were both certain that Powell would not be removed from office, saying that this limit will not be crossed.

Meanwhile, on tariffs, Trump is ending his hostile remarks to various countries and seeking to actively negotiate on trade. As Adam Button, an analyst at the financial website Forexlive, dikatakan : The dollar and stock market are strong, and the market is eager to hear good news. I think the good news today is that Trump has remained silent on trade issues. This may convince some market participants that he is eager to reach a deal and anything that may turn the market around.

In addition to ending the hostile speech, the Trump administration has also made real progress in trade negotiations. Earlier, Politico reported that the White House is about to reach a comprehensive agreement with Japan and India to avoid large-scale tariffs imposed by the United States. At the same time , the White House also menyatakan that 18 trade agreement proposals have been written, and the trade team will meet with 34 countries this week. The potential trade agreement with China is progressing very smoothly. White House Press Secretary Levitt said that the situation with China is moving in the right direction.

Cantor forms a Bitcoin investment consortium with over $3 billion, and a new version of Strategy is born

In addition to absorbing the overflow of gold funds and the Trump administrations emotions returning to stability and rationality, there is another major good news in the market.

According to the Financial Times, Cantor, a financial services company led by Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is working with SoftBank, Tether and kripto trading platform Bitfinex to form a Bitcoin investment consortium with a scale of over $3 billion .

According to three people familiar with the matter, the consortium will absorb billions of dollars in crypto assets held by partners, following the successful path of Strategy (MSTR.O), a software company transformed into a cryptocurrency investment, which currently holds tens of billions of dollars worth of Bitcoin and has a market value that has soared to $91 billion.

The move also coincides with the Trump administration鈥檚 push for digital currency-friendly policies. People familiar with the matter added that Tether will contribute $1.5 billion in Bitcoin, while SoftBank and Bitfinex will contribute $900 million and $600 million in Bitcoin, respectively.

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