- Daily Dispatch
- Posts
- Bitcoin soars back to $90,000 💸
Bitcoin soars back to $90,000 💸
Bitcoin is back above $90,000 for the first time since early March, as stocks and other risk assets rebounded.
Stephen Graves
April 22, 2025
📝 What you need to know
Bitcoin recovered $90,000 for the first time since early March Tuesday morning, as stocks and other risk assets rebounded.
The market uptick followed days of uncertainty, with traders spooked by U.S. President Trump’s hints that he wanted to fire Federal Reserve Chair Jerome Powell—a move with no precedent in modern U.S. history.
The crypto market’s upward move coincided with a surge in inflows to spot Bitcoin ETFs, which pulled in $381.3 million on Monday, their largest daily total since January. Analysts told Decrypt that the “significant improvement in investor sentiment,” was driven largely by a shift in expectations around monetary policy, and noting that the cryptocurrency is increasingly behaving like a macro asset.
