Bitcoin (BTC) surged to a 45-day high above $91,000 on April 22, reflecting investors’ concerns over a potential economic recession amid ongoing global trade tensions. The upward movement coincided with gold reaching a new all-time high. The recent price gains have sparked discussions on whether Bitcoin will rally above $95,000. In neutral markets, Bitcoin futures typically have a premium ranging between 5% and 10%, but the current annualized premium stands at 6%, indicating a lack of strong bullish sentiment despite the recent price increase. Traders remain cautious around the $90,000 zone, as Bitcoin has struggled to sustain levels above $90,000 in the past. Despite trading 16% below its all-time high, Bitcoin\u2019s performance has been more resilient compared to other major stocks like Nvidia, Amazon, Facebook, and Tesla. Recent comments from US Treasury Secretary Scott Bessent hint at a potential de-escalation in the US-China trade war, easing investor concerns. Meanwhile, demand for short-term US Treasurys has risen, leading to lower returns as investors seek safety in government bonds. The Bitcoin options market currently reflects limited enthusiasm, with the 25% delta skew indicator at -2%, suggesting a neutral sentiment among traders. While Bitcoin may revisit $95,000 or higher, many traders are monitoring developments in the US-China trade war before making further bullish bets. The first-quarter earnings season is expected to be relatively strong, with the “Magnificent 7” companies projected to achieve earnings growth of 14.8%. This article provides general information and should not be considered legal or investment advice, reflecting the author’s views and not necessarily those of Cointelegraph.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) surged to a 45-day high above $91,000 on April 22, reflecting investors’ concerns over a potential economic recession amid ongoing global trade tensions. The upward movement coincided with gold reaching a new all-time high. The recent price gains have sparked discussions on whether Bitcoin will rally above $95,000. In neutral markets, Bitcoin futures […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/105274"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=105274"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/105274\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=105274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=105274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=105274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}