Bitcoin price surged to a 7-week high, crossing $93,000 for the first time since March 3. The cryptocurrency’s rally of 12% over the past week has been attributed to positive macro events. Bitcoin traders witnessed a rapid jump from $91,500 to $93,000, sparking excitement and speculation about the future of the rally. Analysts are optimistic about Bitcoin’s potential to reach the $100,000 mark, especially after US President Donald Trump softened his stance on the trade war and expressed no intention of firing Federal Reserve Chair Jerome Powell. Trump’s comments on reducing tariffs on Chinese goods further boosted market sentiment. The positive news led to increased investment in spot Bitcoin ETFs, with a net inflow of $381.3 million in the US. Traditional financial markets also ended the day on a positive note, with the S&P 500, Nasdaq, and Dow Jones all posting gains. Crypto analysts and traders are viewing the current market conditions as bullish, with expectations of further Bitcoin price increases in the near future. It remains crucial for investors to conduct their own research and analysis before making any investment decisions.