Bitcoin’s ascent gathered fresh momentum on Tuesday, charging above the $94,000 mark and extending the gains to 26% since April 9. Three interlocking forces—geopolitics, strategic balance-sheet demand, and resurgent exchange-traded-fund flows—coalesced over the past 24 hours to ignite the rally.
Why Is Bitcoin Up Today?
The first spark came from Washington, where US President Donald Trump signaled a partial détente in his long-running tariff dispute with Beijing. Sitting behind the lectern at the White House, Trump declared that duties on Chinese imports “will come down substantially, but it won’t be zero,” before insisting he would “be very nice to China” so long as both sides reach a deal.
Macro economist Alex Krüger distilled the president’s remarks in a widely circulated X post, noting that Trump had “just ticked most de-escalation / bullish boxes.” Among the verbatim phrases Krüger highlighted were: “Tariff on China will not be as high as 14
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