Apr 24, 2025
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Bitcoin Surges Past $94,000 Driven by Geopolitics and Institutional Inflows
Bitcoin surpassed $94,000, marking a 26% increase since April 9. This rally is attributed to three main factors: geopolitics, strategic demand from balance sheets, and renewed ETF inflows.
Key Drivers of Bitcoin's Rise
- The US-China tariff dispute showed signs of de-escalation after President Trump indicated potential reductions in tariffs on Chinese imports.
- A prospective multibillion-dollar investment in Bitcoin by Cantor Fitzgerald, SoftBank, Tether, and Bitfinex aims to establish a new entity, 21 Capital, with around $3 billion in Bitcoin.
- US spot Bitcoin ETF inflows turned positive, totaling $911.2 million on Tuesday, the highest daily total since January.
At press time, BTC was trading at $94,212.
