Darling, Bitcoin has done what any attention-seeking debutante would—burst onto the scene with a dramatic flourish above $94,000, pirouetting a dazzling 26% since April 9. Three utterly theatrical players—geopolitics, balance-sheet bravado, and those ever-flirtatious exchange-traded funds—joined forces overnight to set the stage ablaze.
What’s the Fuss About Bitcoin’s Mischievous Rise Today?
Our first act unfolds in Washington, that theatre of political pageantry, where President Donald Trump, that most unpredictable of protagonists, hinted—ever so coyly—that his tariff tango with Beijing might just soften. Picture him at the White House lectern, patent leather shoes clicking, announcing that duties “will come down substantially, but don’t expect zero, darlings.” And just to keep us on our toes, a promise to “be very nice to China” so long as the curtains close on a deal.
Alex Krüger, that economic oracle, summarized our leading man’s soliloquy perfectly in his X post. Trump, it seems, ticked off every bullish box one could imagine: tariff reductions “not as high as 145%,” a “substantial” easing, and the final dramatic flourish—a no to “playing hardball.” Bravo!
The stock indices applauded politely, but Bitcoin—ever the diva—leapt with far more gusto, waltzing to the tune of macroeconomic uncertainty and whispering sweet nothings about a potentially gentler Federal Reserve.
Scene two plonks us squarely on Wall Street, where the Lutnicks—yes, that family—plot a daring Bitcoin heist of sorts. Brandon Lutnick, newly minted chair of Cantor Fitzgerald and prodigal son to Commerce Secretary Howard, is masterminding “Cantor Equity Partners” with SoftBank, Tether, and Bitfinex. Quite the motley crew, if you ask me.
The plan? To christen “21 Capital” with a cool $3 billion in Bitcoin booty. Tether’s tossing in $1.5 billion, SoftBank’s gollying up $900 million, and Bitfinex is wooing us with $600 million. Numbers remain flirtatious—subject to change before the grand unveiling, of course.
On X, Texas Bitcoin Foundation’s Tuur Demeester doesn’t mince words: “That’s why Bitcoin’s up 12% this week.” No subtlety there, simply facts.
The final curtain call belongs to the US spot Bitcoin ETF market, which strutted onto the stage carrying net inflows of $911.2 million on Tuesday—the most impassioned performance since January 17, when whispers of a “crypto president” sent folks spiraling into euphoric buying binges.
Fidelity’s FBTC swallowed $253.8 million, Ark Invest’s ARKB wooed $267.1 million, and BlackRock’s IBIT dazzled with $192.1 million, while the modest Grayscale Bitcoin Trust reversed weeks of sulking with a $65.1 million encore.
The encore began Monday, tallying $381 million and ending a sulky stretch of outflows, gathering momentum as Bitcoin pirouetted past $90,000. Two days, $1.29 billion, and a revived institutional appetite suggest the show is far from over.
At the curtain fall, BTC tiptoed around $94,212—still dazzling and eager for encores.
Read More
- Fortress Saga tier list – Ranking every hero
- Cookie Run Kingdom Town Square Vault password
- Glenn Greenwald Sex Tape Leak: Journalist Cites “Maliciously Political” Motives
- Mini Heroes Magic Throne tier list
- Grimguard Tactics tier list – Ranking the main classes
- How to Prepare and Dominate the Awakened Hollyberry Cookie Update
- Castle Duels tier list – Best Legendary and Epic cards
- Overwatch Stadium Tier List: All Heroes Ranked
- Hero Tale best builds – One for melee, one for ranged characters
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
2025-04-24 01:20