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Bitcoin price hits 7-week high as Trump softens tone on trade war

Coin Telegraph LogoCoin Telegraph12h ago

Bitcoin price hits 7-week high as Trump softens tone on trade war - Coin Telegraph

Quick Summary:

Source: CoinMarketCapPseudonymous crypto trader Crypto General said Bitcoin “is going as planned, as stated in the last post, a breakout was eyes and today we witnessed our breakout.”Just hours before Bitcoin’s upside swing, crypto commentator “Ted” told his 158,200 X followers that Bitcoin is “going to catch up” with gold and the $100,000 price level, which it hasn’t seen since Feb.3, is “loading.”It comes amid an improvement in crypto market sentiment, more money flowing into spot Bitcoin exchange-traded funds (ETFs), and US President Donald Trump’s softer tone on the trade war.

Source: CoinMarketCapPseudonymous crypto trader Crypto General said Bitcoin “is going as planned, as stated in the last post, a breakout was eyes and today we witnessed our breakout.”Just hours before Bitcoin’s upside swing, crypto commentator “Ted” told his 158,200 X followers that Bitcoin is “going to catch up” with gold and the $100,000 price level, which it hasn’t seen since Feb.3, is “loading.”It comes amid an improvement in crypto market sentiment, more money flowing into spot Bitcoin exchange-traded funds and US President Donald Trump’s softer tone on the trade war.

Related: Bitcoin-to-gold ratio risks 35% decline following Wall Street’s $13T wipeoutIn an April 22 X post, economist and crypto trader Alex Kruger said, “Trump just ticked most de-escalation/bullish boxes.” Investing with Brandon said the news was “bullish” too. Meanwhile, the day before, the 11 US spot Bitcoin ETFs saw a joint net inflow of $381.3 million.

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Article Details

Author / Journalist: Cointelegraph by Ciaran Lyons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 04:55:16 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 887 words

Reading Time: 5 minutes read

Sentences: 16 lines

Sentence Length: 56 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28163942

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About Coin Telegraph

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Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 21 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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