Bitcoin surges past $93K as U.S.–China trade war eases, boosting investor confidence 

The surge comes as geopolitical and monetary conditions shift, with investors increasingly turning toward risk assets, including cryptocurrencies.

One of the key drivers behind Bitcoin’s momentum is growing optimism over U.S.–China trade relations, following signals from President Donald Trump and Treasury Secretary Scott Bessent that current tariffs may be unsustainable.

Bessent’s comments, suggesting a potential de-escalation in the ongoing trade war, instilled confidence across financial markets, leading to gains in both equities and cryptocurrency assets.

With global macroeconomic pressures potentially easing, investors view Bitcoin as a hedge against uncertainty.

The rally was further supported by strong inflows into Bitcoin spot ETFs, which saw $381 million in net investments on Monday—the highest since January.

Institutional investors’ renewed confidence is also reflected in MicroStrategy’s recent acquisition of 6,500 BTC, reinforcing long-term faith in Bitcoin’s future as a store of value.

Adding to the bullish sentiment, newly appointed SEC Chairman Paul Atkins has dismissed several crypto enforcement cases, signaling a more innovation-friendly regulatory approach. This shift is perceived as positive for the broader crypto industry, potentially easing regulatory constraints on digital asset markets.

Bitcoin’s gains were accompanied by a surge in altcoins:

Traditional financial markets also benefited from renewed investor confidence, with the S&P 500 and Nasdaq rebounding from recent losses.

With Bitcoin breaking higher, analysts are closely watching critical technical levels. CryptoQuant analyst Crazzyblockk highlighted that the short-term holder cost basis of $91,500, previously a strong resistance, could now act as key support.

Further downside protection is seen at $83,700, a solid underlying support zone where buyers entered during recent dips.

According to analysts, a sustained hold above $91,500 would confirm the strength of Bitcoin’s breakout, potentially paving the way for further upside targets.