What is happening with Bitcoin?
By Wednesday, April 30th, Bitcoin is between $94,000 – $95,000, with slight variations depending on the exchanges. The leading cryptocurrency has had considerable increases exceeding $80,000 since the beginning of April. It is linked to a market that has been optimistic due to speculation about the possibility of progress in trade negotiations between the main economies; however, caution is maintained, and strong demand, at least organic, that can support the increase is not yet perceived. There is no unified euphoria in the market, according to different reports presented by CoinDesk.
Read here: Trump’s Second Presidency: What to expect from the price of Bitcoin (BTC)?
According to CoinDesk, “Bitcoin (BTC) rose 1% in the last 24 hours, trading near US$ 95,400 and about to exceed US$ 96,000 for the first time since the second half of February. The CoinDesk 20 —an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, exchange tokens and memecoins— 1 rose 1.1%, with Bitcoin Cash (BCH) leading the index with a 6.3% gain,” it highlights.
Likewise, the increase in the price of Bitcoin may be related to capital movements that intend to obtain rapid profits, and not necessarily to a long-term accumulation. All this means that investors must closely and constantly monitor the evolution of the market and be extremely cautious.
Who is influencing this movement?
The possibility of a positive change in the existing trade ties between the world’s major economies, such as the US and China, generates enthusiasm in the financial sphere and also upward movement in assets such as Bitcoin. This is especially true after “Liberation Day” on April 2nd, when US President Donald Trump announced a large tariff increase that would be, according to his statements, the beginning of his country’s economic independence.
Regarding the idea of improved trade relations between the US and China, Bloomberg highlights an important point related to the Boeing aircraft impasse: “Beijing officials acknowledged that tariff hikes imposed by US President Donald Trump have disrupted the global air transport market, and both Chinese airlines and Boeing have been severely affected. As a result, China hopes the US can create a stable and predictable environment for normal trade and investment activities,” it notes.
Other factors that may influence the movement of the price of Bitcoin at this time are the Large Holders, with their large Bitcoin transactions; the derivatives markets or different financial instruments; and leveraged traders.
When did this rebound occur?
Bitcoin began to emerge from its bad streak, which even reached $76,000, on April 10th, according to data shown by CoinDesk; however, its most significant rebound is seen in the third week of April, more specifically at the close of April 21st and the beginning of April 22nd, when it already exceeds $90,000.
Where is this impact reflected?
According to Bloomberg, throughout April 2025, reports reflected daily inflows into Bitcoin ETFs. This suggests that, although there is still caution regarding overall demand, there is a clear conviction regarding institutional investment.
Read here: What’s happening with Bitcoin ETFs in April 2025?
Likewise, a fundamental aspect is that there is a close relationship with the more “traditional” markets, which leads to the premise that with an improvement in the global economic outlook, especially the situational environment that has been referred to (US – China), the price of Bitcoin could have rising prices. This is highlighted in different analyses by CoinMarketCap and Bloomberg.
There are some parameters that can be useful to measure the impact:
- Fear and Greed Index: this tool allows the measurement of how the market feels regarding cryptocurrencies. The score ranges from 0 to 100, with values close to 0 being “extreme fear” and values close to 100 being “extreme greed.”
- On-Chain Data: this refers to all the information stored about the user and their transactions. Although it seems that it does not provide any information, when more specific metrics are worked with, such as transaction volumes, for example, it could be evaluated whether the growth is due to speculation or a more organic and stable increase.
Why is this movement significant?
According to different analyses carried out by CoinDesk, exceeding $80,000 may generate a bullish signal for investors and traders, which translates into an increase in buying momentum. Furthermore, one of the most precise keys to this entire process is that Bitcoin continues to show its ability to stay afloat and even remain interesting amidst the commercial and financial tide that is being experienced.
For its part, there are clear contradictions in fundamental aspects, such as weak demand alongside a rising price, which raises the question of how stable this “movement” can be. Furthermore, according to CoinDesk analysis, financial or commercial enthusiasm would be directly proportional to what is called “greater risk appetite,” and this may be happening with Bitcoin in the current scenario, coupled with the fact that if the political-economic or political-commercial scenario becomes more favorable, this would possibly have a considerable impact on the price of Bitcoin.
How is this rebound interpreted in the current context?
Although the adoption and actual use of Bitcoin may not be growing at the same pace, short-term purchases due to the enthusiasm generated by expectations of more positive trade agreements between economic powers have paid off. In addition to this, while it is true that there is weakness in overall demand, there is also a constant flow of institutional capital from Bitcoin ETFs, and this could somehow counteract the lack of more established demand.
According to Ripio CEO Sebastián Serrano, for Cointelegraph, “The growing interest in Bitcoin coincided with political and economic tensions in the United States, where disputes over interest rates increased uncertainty. ‘While the stock markets suffered falls —with the S&P 500 retreating more than 8% in a few weeks—, Bitcoin grew 5.5%, confirming its appeal as a safe-haven asset’.”
For the analyst, the recent revaluation also finds support in technical fundamentals. The fourth Bitcoin halving, held in April 2024, halved the daily issuance of BTC, generating structural pressure in favor of the price. Since then, Bitcoin has accumulated a growth of 46%, exceeding $93,000,” Cointelegraph highlights.
