Bitcoin’s impressive rally continued midweek as the price climbed above $94,000, marking a major psychological breakout for the crypto market. The surge follows U.S. President Donald Trump’s tempered stance toward both Federal Reserve Chairman Jerome Powell and trade relations with China.

Markets had been nervous after Trump publicly insulted Powell earlier in the week, but on Tuesday, the president clarified he had no intention of removing the Fed chair. Instead, he expressed hopes for more proactive interest rate cuts — a shift that seems to have calmed investors. At the same time, Trump hinted at a softer approach to Beijing, acknowledging the need for reduced tariffs and cooperative negotiation.

This combination of easing political tension and accommodative monetary expectations helped push Bitcoin over the $90K mark for the first time in over a month. Institutional interest also appears to be heating up again: U.S.-listed spot Bitcoin ETFs absorbed $936 million in inflows on Tuesday alone — the third-largest single-day total in 2025.

Technically, Bitcoin is showing clear signs of strength. RSI has moved into overbought territory, but analysts suggest that’s expected in powerful uptrends. ADX levels above 90 and widening Bollinger Bands signal momentum is building.

Adding fuel to the fire, Cantor Fitzgerald has launched a $3 billion SPAC-backed Bitcoin initiative. The deal — with support from Tether, Bitfinex, and SoftBank — could create a new powerhouse in institutional crypto investment, following a model akin to MicroStrategy’s BTC play.

Final Takeaway: Bitcoin continues to assert itself not just as a speculative asset, but as a macroeconomic signal. Traders should be alert — strong momentum is here, but so is volatility.

This article is not investment advice. Always do your own research before making financial decisions.