BTC Jumps to $93K as Trump Discusses Crypto Reserve and New SEC Chairman Takes Office
Crypto markets flourished on Tuesday following a combination of political turmoil and regulatory changes that boosted investor sentiment. BTC soared to over $91,000 for the first time in nearly two months, aided by Donald Trump’s recent criticisms of the Federal Reserve and the appointment of Paul Atkins as the new SEC chair. On April 22nd, we highlighted Bitcoin reaching $87,000, with potential to push towards $92,000, and now we’re witnessing a Bitcoin price of $93K. It seems like we’re heading in the right direction; let’s explore the reasons behind this.
$BTC has just surpassed $91K.
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— Roundtable Platform (@RTB_io) April 22, 2025
The recent price movements didn’t occur randomly. Bitcoin ETFs in the U.S. attracted $381 million in inflows on Tuesday, marking the largest single-day influx since January. This clearly indicates an influx of institutional capital. Analysts suggest that Trump’s revived criticisms of Fed Chair Jerome Powell played a role. When the central bank is perceived as unstable, cryptocurrencies begin to appear as a more enticing hedge.
$93K Bitcoin: Altcoins Ride the Wave
Bitcoin wasn’t alone in this surge. Solana (SOL) and Sui (SUI) also experienced significant gains. Solana climbed above $147 after a rise of over 16% over the past week.
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In addition, SUI experienced an even more pronounced increase, surging nearly 20% in just 24 hours to reach $2.65. This surge comes after a tough month where the digital currency hit lows around the $1.75 range.
These developments are not random occurrences either. It appears that investors have more faith in scalable and high-performance blockchains beyond ETH alone. Both SOL and SUI have received commendations for their speed and lower expenses, and now they are reaping the benefits from this general wave of optimism.
Regulatory Changes and the Market’s Reaction
Now regarding the SEC updates. Paul Atkins, who has just been confirmed as the new SEC Chair, is recognized for being considerably more supportive of crypto than his predecessors. During his confirmation discussions, he advocated for regulatory clarity and a more moderate approach to crypto enforcement.
This change in the SEC’s leadership tone has brought fresh hope to the industry. While specifics are still unfolding, many believe that Atkins might advocate for clearer regulations that could alleviate the anxiety surrounding unexpected legal actions or sudden crackdowns.
Trump’s Proposed Strategic BTC Reserve
Simultaneously, Trump made another attention-grabbing proposal by suggesting a Strategic Bitcoin Reserve for the U.S. government. The plan involves acquiring significant digital assets such as BTC, Solana, Cardano, Ethereum, and Ripple, treating them as strategic resources akin to oil or gold.
Although it’s not an official policy yet, the mere suggestion of a national crypto reserve is enough to generate enthusiasm. If a nation as prominent as the U.S. were to seriously begin stockpiling crypto, it would represent a substantial psychological shift for the entire market.
What Are the Current Implications for the Market?
The total market capitalization now stands just below $3 trillion, with daily trading volumes exceeding $118 billion. Whether this rally persists remains to be seen, but it’s apparent that crypto is once again aligning with the political landscape.
With Trump’s remarks, the new SEC head, and discussions of a digital asset stockpile, crypto investors have much to consider. If the current momentum continues, it could establish the stage for a dynamic and uncertain latter half of 2025.
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Key Highlights
- BTC surged beyond $91K as Trump proposed a U.S. Strategic Bitcoin Reserve and Paul Atkins was appointed as the more crypto-friendly SEC Chair.
- U.S.-based BTC ETFs garnered $381 million in inflows—the highest for a single day since January—indicating renewed institutional interest.
- Altcoins such as Solana and SUI participated in the upswing, both experiencing gains upwards of 12% with increasing crypto holder confidence in scalable blockchains.
- Paul Atkins’ rise to the SEC is perceived as a move towards clearer crypto regulations and less stringent enforcement.
- With political momentum growing and crypto market cap approaching $3 trillion, crypto seems ready for a tumultuous but possibly optimistic latter half of 2025.
The post Bitcoin Soars to $93K as Trump Discusses Crypto Reserve and New SEC Leader Takes Office appeared first on 99Bitcoins.
