Bitcoin Surges Above 93K

On April 22, Bitcoin's price exceeded $93,000, driven by optimism regarding U.S.-China trade relations. The overall market, represented by the CoinDesk 20 Index, increased by 7% within 24 hours. President Trump announced that U.S. tariffs on China would be significantly reduced from the current 145%, easing fears of an escalating trade conflict. Additionally, Treasury Secretary Scott Bessent indicated at a private event that the tariff dispute between the U.S. and China was unsustainable and expressed hope for a quick de-escalation, though he warned that a comprehensive agreement might take years to achieve. Despite this positive sentiment, on-chain data from CryptoQuant suggests the market is fragile, with Bitcoin facing resistance levels that could limit further gains. Overall, investor confidence was boosted by these statements, though underlying market risks remain.