How much of Bitcoin&#8217;s 2025 momentum is being driven by fundamentals, and how much by macro systems that no longer offer reliable direction? Fragile growth amid policy tightropes The global economy in 2025 is walking a tightrope. The deliberate reengineering…

2025 is no longer about cycles — Bitcoin is reading something else entirely

U.S. stocks surged Tuesday, recouping steep losses from the previous session, 
as investors bet on easing trade tensions between the U.S. and China. The Dow 
Jones Industrial Average rose 1,009 points, or 2.7%, while the S&amp;P 500 gained 
2.4% and…

Stocks surge on hopes of U.S.-China trade de-escalation

Ethereum has responded to a critical daily support level with a strong bounce, 
offering a glimmer of hope for bulls. However, price action remains within a 
larger range, and the path to recovery depends on structural confirmation and 
volume support.…

Ethereum bounces from key support: can It reclaim the $2,000 barrier?

Bitcoin (BTC) price surged over the Easter weekend, jumping 9% and crossing 
the $91,000 threshold on April 22. This strong performance diverged sharply 
from the stock market&#8217;s lukewarm rebound and mirrored gold&#8217;s bullish behavior, 
which briefly touched a new all-time high of $3,500.
While the BTC rally and its growing decoupling from equities are noteworthy, 
it&#8217;s the derivatives market that offers an even more bullish signal.
According to data from CoinGlass, Bitcoin open interest (OI) soared by 17%, 
reaching a 2-month high at $68.3. OI measures the total capital invested in 
BTC derivatives, and such an uptick shows a growing bullish sentiment among 
traders.
The market is currently in contango &#8212; a situation where futures prices 
(notably CME Bitcoin futures) are higher than the spot price. This typically 
occurs because investors anticipate rising prices and take advantage of 
leverage tools offered by exchanges, allowing them to gain greater exposure 
through futures than they could with direct spot purchases.
This raises two questions: Who is buying, and why?
## Institutional interest reawakens
A key metric for understanding investor composition is the Coinbase Bitcoin 
Premium Index. It measures the percentage price difference between Bitcoin on 
Coinbase Pro (BTC/USD) and Binance (BTC/USDT). Since Coinbase Pro caters 
predominantly to US-based institutional investors, while Binance has a broader 
global retail audience, this premium can indicate where the buying pressure is 
coming from.
While the first half of April showed strong retail dominance, April 21-22 saw 
institutional demand kick in, with the Coinbase premium rising to 0.16%, per 
CoinGlass.
_Coinbase Bitcoin premium index. Source: CoinGlass_
Michael Saylor&#8217;s Strategy could be among those buyers. On April 21, Saylor 
announced the acquisition of 6,556 more BTC for approximately $555.8 million 
at an average price of ~$84,785 per coin. This brings MicroStrategy&#8217;s total 
holdings to an eye-watering 538,200 BTC, worth approximately $48.4 billion at 
current prices.
On a smaller scale, Japan-based Metaplanet also added 330 BTC to its treasury, 
pushing its total to 4,855 BTC, the company&#8217;s CEO announced on the same day.
Meanwhile, investors who favor traditional financial instruments over direct 
Bitcoin holding have also begun to renew their interest. According to the 
CoinGlass data, on April 21, BTC ETFs recorded $381 million in inflows &#8212; a 
much-needed reversal after a prolonged period of heavy outflows. Since 
February, ETFs had suffered 33 days of net outflows versus just 21 days of 
inflows, with outflows strongly dominating in volume. The recent reversal 
suggests renewed confidence, particularly from TradFi-aligned investors.
_**Related:**__**Bitcoin risks 10%-15% BTC price dip after key rejection near 
$89K**_
## The dollar fades as Bitcoin rises
Since tariff fears took grip of the market, institutional investors have kept 
Bitcoin and equities at arm&#8217;s length, but something shifted over the Easter 
weekend.
Crypto analyst Rekt Capital noted that Bitcoin has decisively broken out of 
its multimonth downtrend
&gt; &#8220;The multimonth downtrend is over. And when a technical downtrend is broken, 
&gt; technical uptrends emerge.&#8221;
_BTC/USD 1-day chart. Source: Rekt Capital_
Another, more macroeconomic, factor may be the increasing tension between US 
President Donald Trump and Federal Reserve Chair Jerome Powell. Their growing 
rift, centered on concerns about inflationary pressure from tariffs and the 
Fed&#8217;s reluctance to cut rates, has cast a shadow over the US dollar.
The US Dollar Index, which tracks the dollar&#8217;s value against a basket of 
currencies, has been in freefall since February, reaching lows last seen in 
2022. Trump&#8217;s public pressure on Powell, and speculation that he might attempt 
to remove him or other Fed officials, is fueling anxiety over the Fed&#8217;s 
independence &#8212; a foundational pillar of the US financial system.
The potential consequences of a falling dollar for the global economy are 
difficult to predict, but one thing is clear: Bitcoin stands poised to be a 
major beneficiary. A decentralized, censorship-resistant money governed solely 
by code, with a fixed supply schedule and no central authority to manipulate 
its issuance. As confidence in traditional monetary systems continues to 
erode, Bitcoin&#8217;s narrative grows ever stronger.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Bitcoin breaks downtrend with spike toward $92.6K, but who’s behind the price momentum?

On Tuesday, the global crypto market climbed 4.94%, buoyed by bitcoin reaching 
an intraday peak of $91,761. The leading digital asset has appreciated 5.1% 
within the past 24 hours, with the broader crypto economy expanding by $130 
billion since 5 p.m. on Monday. Bitcoin Booms, Wall Street Rebounds: Dow, 
Nasdaq, and S&amp;P Ride Tuesday High […]

Bitcoin Rallies to $91K as Crypto Market Swells by $130B in a Day

XRP has hit one key milestone after another in 2025, while Bitcoin 
disappointed users awaiting a massive rally in 2025. With the SEC vs. Ripple 
legal battle drawing to an end and Ripple’s victory, partnerships and future 
plans, XRP hit a peak of $3.40 in January, rewarding long-term holders.