Today’s encryption price: Bitcoin regains 90 thousand dollars as a depth, ONYX, soi soar – Is 100 thousand dollars the following?

With the presence of many bullish stimuli in the game, Bitcoin erupted from the multi -declining direction, which started in mid -January, and regained the level of psychological support of $ 90,000.

Through the total ceiling of the encryption market 3 trillion dollars for the first time since early March, with the return of feelings on the risks, it is clear by the fear and greed index, which rose from 47 to 72, and entered the land of greed.

The recovery has not been translated into strong gains for the letkat, although most of the best 99 years were circulated in green, with a few gains that are published from two numbers by the late Asian trading hours on Wednesday.

Why does Bitcoin rise?

Bitcoin, along with other global risk assets, has increased as signs to reduce trade tensions between the United States of China, a Macro driver affected price procedures since the beginning of the year.

The markets were raised early in the day through comments from US Treasury Secretary Scott Payette at a closed JPMorgan event, as it was reported that he had been launched on the ongoing introductory confrontation with China “non -sustainable”.

Besent said he expected the escalation “in the very near future”, and it puts the current commercial conditions as a “commercial ban.”

While warning that the full decision may take years, the immediate expectations seemed more bound than recent months.

Later in the day, feelings improved more after President Trump told the media that the American definitions of Chinese goods “will significantly decrease” from the current 145 %.

His remarks helped alleviate the investor’s fears of an escalating trade war and achieved new optimism in global markets.

Trump also dealt with concerns about monetary policy, noting that he had no intention to remove the Federal Reserve Speaker Jerome Powell, despite the recent pressure on the central bank to reduce interest rates.

Reassurance has been added to the positive tone through risk markets, as traders are explained as a sign of stability in American monetary policy.

With the reducing tensions, institutional players seemed in effect, as eleven investment funds traded in Bitcoin recorded more than $ 1.29 billion in flows on Monday, the highest since November 2024. The flows are expected to gather until the end of trading hours in the United States on April 23.

Will Bitcoin collect $ 100,000?

Although the bullish feelings have turned, Cryptoquant has warned that the basic demand remains weak.

Their data shows that the clear demand for Bitcoin decreased by 146,000 BTC during the past month, a slight improvement from March but is still in negative lands.

Meanwhile, their demand momentum has decreased to its most calm levels since October 2024, which usually means lack of attention from new investors.

Taurus points on the series of Cryptoquant are also classified as current market conditions as declining.

Regarding liquidity, the Tether (USDT) market, which is often used as a coding scale, has increased by only $ 2.9 billion over the past two months, as it has decreased to a maximum of approximately $ 5 billion, which was historically observed during the previous Bitcoin Bull processes.

Bitcoin is also traded within a critical resistance area ranging from $ 91,000 and $ 92,000, which is in line with the scale of the investigators of merchants.

Historically, these areas served as disturbing resistance areas that combat bulls to break them.

If there are obstacles near this resistance area, analysts say that temporary suspension in the short term or withdrawal may be on cards.

Some analysts still did not rule out a deeper correction towards the mid -$ 60,000.

For example, Knight’s great merchant shared a scheme indicating that Bitcoin may face severe rejection near the current levels and reconsider its lowest levels if it fails to break the 95,000 dollar resistance area.

However, on the daily chart, Bitcoin appears to have separated from the fall of the falling wedge, which generally symbolizes the reflection of the direction. see below.

Another export preparation was marked by his trading colleague Mister Chaviro, who referred to a cup of textbooks and the style of dealing with the higher time frames, and is often seen as a classic continuing signal in technical analysis.

source: Mister Chevir on X

In order to maintain the current assembly, Bitcoin needs stability above the level of 93,500 dollars, according to the well -followed analyst.

It indicates that the side deviation from the broader upward trend is close to the end, but the weekly closure above this level is very important.

This would help BTC to coincide with the scope of previous reinstallation and facial resistance in new support.

The analyst added that the region is about 93.5 thousand dollars, which was a major axis in previous sessions, and its restoration may re -establish the upscale momentum, heading to the rest of Q2.

At the time of the press, Bitcoin was traded at $ 93,173, an increase of 2.6 % per day. The bulls are likely to target 95,000 dollars after that if the current momentum continues; Clearing that can open the door to run about six characters.

Altcoin market in green

With the Bitcoin crowd, most Altcoins turned green the day, but the momentum did not lead to a wide outbreak. The gains were largely limited to low symbols, with only the main altcoins vision.

The total maximum Altcoin market increased for a brief period of 9.4 % to a rise of 24 hours at 1.28 trillion dollars before declining to $ 1.16 trillion at the time of this report. Bitcoin remained the dominant market driver, as shown by the Altcoin season index, which was held in 15.

The higher gains for this day were:

Deepbook Protocol

Deepbook (Deep) gathered 63 % over the past day to $ 0.18 from the time of the press, while the maximum market reached $ 573 million. The daily trading volume was almost three times the day before.

source: Coinmarketcap

One of the main catalysts that leads its gains today is the last Deepbook advertisement that the 3.1 version of its protocol will be available soon on the SUI network, and it features new features such as liquidity pools without permission, less fees, and improved liquidity.

Helping to pay the price up, Binance said it will be included in the depth of the future contract platform. Almost at the same time, Upbit in South Korea added depth to its immediate market.

Unyxcoin

Over the past 24 hours, ONYXCOIN (XCN) jumped by 28 % trading at $ 0.22 per coin. The market value was 750 million dollars, while the daily trading volume increased by 200 %, with a change of its hands worth $ 175 million.

source: Coinmarketcap

Today’s gains have been turned on through the upcoming societal nox Mainnet, called Goliath, a major upgrade that is expected to bring significantly faster transaction speeds, improve network safety, and improve expansion to support more decentralized applications.

The momentum has been increased more through the broader recovery in the market and improving risk morale.

but

Sui (SUI) increased by 22.6 % over the previous day, at a price of $ 2.94 per currency, while the market ceiling rose to nearly $ 10 billion when writing. The increase in the price came with an increase in the daily trading volume, which increased by 23 % to $ 2.86 billion.

source: Coinmarketcap

SUI prices are often rising thanks to the increasing tonn around Meme currencies on its network.

Symbols like Miu, Lofi and Blub have recently traded, helping to raise the SUI price.

Its environment DeX had a strong week, as it was the treatment of more than $ 2.475 billion in size, which is a 30 % increase from the previous week.

Moreover, the closed total value on SUI increased by 22.8 % over the past 24 hours, reaching $ 2.49 billion and making it the largest Blockchain by TVL.

Post Crypto today: Bitcoin regains 90 thousand dollars as a depth, onyx, soi soar – is it $ 100,000 after that? First appeared on Invezz