Bitcoin breaks $94,000, market cap first exceeds $3 trillion! Market frenzy escalates
April 24, 2025, Thursday — The price of Bitcoin surged to $94,000, pushing the total market capitalization of the cryptocurrency market over the $3 trillion mark! This wave of increase was driven by both institutional inflows and a easing of trade tensions between China and the United States. Officials from the beautiful country revealed their willingness to restart trade negotiations with Beijing, while the Federal Reserve's leadership stance gradually softened, aiding the strong recovery of the dollar, causing market sentiment to reverse instantly!
Short squeeze erupts!
In the past week, Bitcoin's increase reached 12%, far exceeding the Nasdaq and the S&P 500 indices, while the short market faced a $554 million short squeeze, pushing prices even higher. With 936 million BTC ETF inflows into the market, giants like SoftBank and Tether joining the fray, market confidence surged!
Technical outlook is bullish, but caution is advised!
Despite the booming market atmosphere, experts warn: Bitcoin has entered the overbought zone, and macroeconomic risks have not completely disappeared. To maintain a price level above $90,000, strong trading volume and stable financing rates will be key.
Geopolitical situation is expected to stabilize, but inflation remains the market's focus!
With the restart of Sino-U.S. negotiations, volatility may return. If global political conditions continue to ease, the upward trend may continue; however, market risks still exist, and traders need to remain vigilant at all times! #TRUMP晚宴 #PEPE #ADA #TRUMP #DOGE
