Why Did Crypto Increase Today: Are We Entering the “Disbelief” Phase?
What caused the surge in crypto today? BTC is on the rise, yet there’s no one celebrating. Not at this stage. With a 5.47% increase over the last 24 hours, it’s now around $92,800—though the overall vibe is more subdued than jubilant.
This is the kind of low-key rally that seems emblematic of the ‘Disbelief’ phase in traditional market cycles: prices rise, yet faith doesn’t keep pace. Here’s what that signifies:
Disbelief Phase – The Quiet Onset of a Rebound?
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Kudos to crypto analyst Kur8 for highlighting the trend. Call it revival or a trap. Yet, crypto is ascending again, and many appear reluctant to embrace it.
Bitcoin is spearheading a broader crypto surge, accumulating $170 billion in a single night, as both $ETH and $SOL enjoy double-digit increases. However, the atmosphere is cautious—shaped by prolonged weariness and unfulfilled recoveries.
“Isn’t it amusing how the dawn of a bull market often seems uneventful?” remarked one Reddit participant.
Not sure..looks cute…might delete later…
Maybe, just maybe, it was this simple all along.
IF this succeeds, it will unequivocally establish that available volume remains the PREEMINENT factor in markets. Not tariffs. Not politics. Not rates. Not (insert your narrative). pic.twitter.com/WPyJehpmbC
— Raoul Pal (@RaoulGMI) April 22, 2025
The crypto upswing coincides with broader markets awakening. The S&P 500 surged 2.51%, while the Nasdaq 100 climbed 2.63%, both marking their most significant movements in weeks. The sentiment has shifted, for now — *knocks on wood* — and capital is re-entering riskier assets.
Gold, which briefly hit $3,500, has subsided to $3,334. Market demand for safe havens is diminishing—another indicator that investors are moving away from protective strategies.
What’s Behind the Crypto Surge Today? The U.S.-China Trade Relations
The concurrent rise in crypto and stocks appears tied to optimism regarding U.S.-China trade relations. Reports suggest that U.S. Treasury Secretary Bessent, during a private JP Morgan event, shared a positive outlook for de-escalating tensions with China.
He characterized the current trade landscape as “unsustainable” and alluded to a possible agreement, albeit acknowledging that it may take years to fully come to fruition.
President Donald Trump is expected to meet with Chinese President Xi Jinping in May. “We’re going to treat China very well,” he stated, steering clear of conflict.
Is the Disbelief Phase Paving the Way for a Bull Trading market?
Crypto market patterns suggest we are entering a phase of potential growth, yet vigilance persists. Analysts at 99Bitcoins are divided on whether the recent actions signify a true recovery or just a pause before another dip.
(I, for one, align with the former perspective)
If this is genuinely the ‘Disbelief’ phase, historical trends indicate that what follows could be ‘Hope’ and eventually ‘Optimism and Belief.’ Nevertheless, those who hesitate may find themselves confronting lost chances when the shift becomes indisputable.
We hope you seized the opportunity during the dip.
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Key Takeaways
- What caused the rise in crypto today? BTC is increasing, but celebration is absent.
- The unified rally in crypto and stocks appears to be connected to optimism about improved U.S.-China trade relations.
- President Donald Trump is set to meet with Chinese President Xi Jinping in May.
The article Why Did Crypto Go Up Today: Are We Starting the “Disbelief” Stage? first appeared on 99Bitcoins.
