#BTC94KIncoming
Bitcoin Tops $93K Amid U.S.-China Trade Optimism, Altcoins Rally
Bitcoin surged past $93,000, rising nearly 7% on Tuesday, fueled by renewed optimism over U.S.-China trade relations. President Trump announced tariffs on China would "come down substantially" from the current 145%, while Treasury Secretary Scott Bessent called the current standoff “unsustainable,” suggesting de-escalation may come soon.
The CoinDesk 20 Index rose 7% as altcoins followed BTC higher—Ethereum (ETH) jumped 8% above $1,700, Dogecoin (DOGE) gained 8.6%, and SUI soared 11.7%. Stocks also rebounded, with the S&P 500 and Nasdaq up over 2.5%, while gold dropped 1% from record highs.
Despite the rally, CryptoQuant warned of underlying weakness. On-chain data shows BTC demand down by 146,000 coins in 30 days, and investor interest is at its lowest since October 2024. USDT growth also lags historical bullish thresholds.
Bitcoin faces resistance between $91K–$92K, a zone that’s acted as a ceiling in bearish markets. Analysts caution that unless liquidity and sentiment improve, a pause or pullback may follow.
