Bitcoin Breakout Shocks Markets: ETF Inflows Near $1B After Trump’s Tariff Twist

Bitcoin has shattered past the $93,000 threshold for the first time in seven weeks, fueled by a wave of institutional capital inflows and renewed optimism following US President Donald Trump’s remarks on easing China tariffs. 

The cryptocurrency surged over 5% in the past 24 hours, reaching $93,642.79, according to the Ecoinimist Markets page.

At the heart of the rally is Trump’s April 22 press conference, during which he stated that tariffs on Chinese goods “will come down substantially,” though “won’t be zero.” 

The hint at a more conciliatory stance in the ongoing trade tensions between the US and China boosted investor sentiment, pushing risk-on assets like Bitcoin sharply higher.

Bitcoin ETF Inflows Reach Highest Level Since January

Investor demand surged across US-based spot Bitcoin ETFs, which collectively recorded $912.7 million in net inflows on the same day, according to data from Farside Investors. This marked the largest single-day inflow since Jan. 17.

BTC ETF inflows (Source: Farside Investors)

These inflows suggest that investors are positioning for further upside in Bitcoin, possibly in anticipation of broader macroeconomic shifts. The inflows are a strong vote of confidence in crypto markets, showing that digital assets are becoming increasingly mainstream in traditional financial portfolios.

Also read: Arthur Hayes: This Might Be the “Last Chance” to Buy Bitcoin Under $100K

“Craziest One-Minute Candle” Sends Bitcoin Soaring

Market watchers were stunned by the speed and intensity of Bitcoin’s upward move. The price spiked from just under $91,500 to $93,000 within minutes, leaving many traders scrambling to catch the breakout.

“This is the craziest one-minute candle I’ve ever seen on the Bitcoin chart,” said crypto commentator Michael Sullivan in an April 22 post on X. 

His sentiment was echoed by pseudonymous trader Crypto General, who noted that the price action aligned with expectations for a breakout that had been building for days.

Crypto market sentiment had already been trending positive thanks to recent ETF inflows and easing geopolitical tensions, but Bitcoin’s explosive price jump reinforced the view that bullish momentum could be accelerating.

Also read: Bitcoin ETFs Log Largest Inflows Since January

Crypto analyst “Ted” added to the frenzy, telling his 158,200 followers that Bitcoin is “going to catch up” with gold and that the $100,000 level—which BTC last touched in early February—is now “loading.”

Trump’s Fed Comments and Market Optimism Add Fuel

Adding another layer of intrigue, President Trump clarified on April 22 that he has “no intention of firing” Federal Reserve Chair Jerome Powell. This statement came just days after he criticized Powell on Truth Social, prompting speculation about potential leadership changes at the Fed. The clarification may have helped calm markets, further supporting a risk-on rally across asset classes.

Also read: As Wall Street Burns, Bitcoin Soars — Is Crypto the New Safe Haven?

Traditional financial markets also responded positively to Trump’s series of economic statements. The S&P 500 rose 2.51%, the Nasdaq jumped 2.87%, and the Dow Jones climbed 2.66% by the close of April 22, according to Google Finance data.

Economist and crypto trader Alex Kruger summarized the bullish sentiment in a succinct April 22 post: “Trump just ticked most de-escalation/bullish boxes.” 

Similarly, Investing with Brandon called the news cycle “bullish,” pointing to a broader shift in investor psychology that appears to be benefiting crypto assets significantly.

Bitcoin Rally Driven by Macro Winds and Institutional Demand

Bitcoin’s break above $93,000 reflects a confluence of favorable macroeconomic signals, increasing institutional participation, and rapid shifts in market sentiment. The dramatic one-minute price candle and ETF inflow data suggest a market that’s not just reacting to news—but is poised for further upside if current conditions hold.

With optimism rising and the $100,000 milestone within striking distance, traders and investors will be watching closely to see if Bitcoin can sustain its rally—or if this latest breakout is the start of something even bigger.