#MarketRebound
Some combined factors have created a favorable environment for the recent surge in cryptocurrency tokens internationally.
• U.S. Tariff Suspension: On April 9, 2025, President Donald Trump announced a 90-day pause on "reciprocal" tariffs, setting a base tariff of 10% on most countries. This decision led to a rally in risk assets, with Bitcoin's price rising from below $77,000 to approximately $83,000.
• Institutional Investment Inflows: There has been a significant increase in institutional investments in cryptocurrencies. For instance, U.S. spot Bitcoin exchange-traded funds (ETFs) recorded their largest daily net inflow of $1.38 billion, driven by positive sentiments and supportive regulations. BlackRock's IBIT led with over $1.1 billion in net inflows.
• Anticipation of Regulatory Approvals: Speculation regarding the potential approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) has heightened investor interest. The possibility of such approvals is seen as a gateway for substantial new institutional demand.
• Positive Market Sentiment: The overall market sentiment has shifted towards "greed," as indicated by the Fear and Greed Index. This reflects increased buying activity driven by the fear of missing out (FOMO), contributing to the upward trend in crypto prices.
