#MarketRebound Bitcoin Soars with Shift in Investor Behavior.. Warnings of a Near Correction.

Bitcoin continues to rise amidst improved overall sentiment.

The largest cryptocurrency in the world rose by nearly 6% on Wednesday, before trimming some of its gains to trade at a level of $93,804. Other cryptocurrencies such as Ethereum (Ether), Ripple (XRP), and Solana (Solana) also saw similar increases.

Bitcoin had surpassed the $90,000 mark on April 22. However, the currency returned to move in harmony with traditional markets following Trump's remarks about Powell, and increasing hopes of easing trade tensions, supported by reassurances from U.S. President Donald Trump that he does not intend to dismiss Federal Reserve Chairman Jerome Powell, which calmed concerns regarding the independence of the U.S. central bank. Trade optimism boosts digital assets.

U.S. Treasury Secretary Scott Pruitt stated during a closed investment summit that the trade dispute with China cannot last indefinitely, and that the two largest economies in the world will have to find ways to de-escalate.

In this context, Bitcoin exchange-traded funds (ETFs), listed in U.S. markets, attracted total financial inflows of $936 million on Tuesday, marking the third highest level of inflows this year.

$BTC