Bitcoin continues to rise amid improved general sentiment$SOL

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

Bitcoin had surpassed the $90,000 mark on April 22, signaling a break from its historical pattern of moving in parallel with U.S. stocks. However, the currency returned to moving in sync with traditional markets following Trump's remarks about Powell and growing hopes of easing trade tensions.

Business optimism boosts digital assets

U.S. Treasury Secretary Scott Posen stated during a closed investment summit on Tuesday that the trade dispute with China cannot continue indefinitely, and the world's two largest economies 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.

Additional support for cryptocurrencies came through reports of talks between Cantor Fitzgerald LP, Tether Holdings Ltd., and SoftBank Group $BTC