{"id":61464,"date":"2025-04-23T14:14:19","date_gmt":"2025-04-23T14:14:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=61464"},"modified":"2025-04-23T14:14:19","modified_gmt":"2025-04-23T14:14:19","slug":"bitcoin-surges-to-93k-as-trump-talks-crypto-reserve-and-new-sec-chair-steps-in","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=61464","title":{"rendered":"Bitcoin Surges to $93K as Trump Talks Crypto Reserve and New SEC Chair Steps In"},"content":{"rendered":"<p><span>Crypto markets lit up Tuesday after <\/span><span>a mix of<\/span><span> political drama and regulatory shakeups jolted investor confidence. Bitcoin jumped to over $91,000 for the first time in nearly two months, with some help from Donald Trump\u2019s latest jabs at the Federal Reserve and the appointment of Paul Atkins as the new head of the SEC. On April 22nd, we reported on <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/bitcoin-climbs-while-stocks-slide-but-can-it-break-92k\/\" target=\"_blank\" rel=\"noopener\">Bitcoin breaching $87,000, potentially aiming for $92,000<\/a>, and now we have a $93K Bitcoin price. It looks like we\u2019re on track; let\u2019s see what\u2019s causing this.<\/span><\/p>\n<p><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BTC<\/a> just crossed $91K.<br \/>We understand if you need a minute to process this.  <a href=\"https:\/\/t.co\/zBhSBCfj0S\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/zBhSBCfj0S<\/a><\/p>\n<p>\u2014 Roundtable Network (@RTB_io) <a href=\"https:\/\/twitter.com\/RTB_io\/status\/1914697533294551307?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 22, 2025<\/a><\/p>\n\n<p><span>The price action didn\u2019t come out of nowhere. U.S.-based Bitcoin ETFs pulled in <a class=\"general-link\" href=\"https:\/\/finance.yahoo.com\/news\/u-spot-bitcoin-etfs-experience-101915383.html\" target=\"_blank\" rel=\"noopener\">$381 million in inflows<\/a> on Tuesday, the biggest single-day haul since January. That\u2019s a pretty clear signal that institutional money is flowing in again. Analysts say Trump\u2019s renewed criticism of Fed Chair Jerome Powell had something to do with it. If the central bank <\/span><span>is seen<\/span><span> as shaky, crypto suddenly <\/span><span>starts to look<\/span><span> like a more appealing hedge.<\/span><\/p>\n<h2><span>$93K Bitcoin: Altcoins Join the Rally<\/span><\/h2>\n<p><span>Bitcoin wasn\u2019t the only one catching a wave. Solana (SOL) and Sui (SUI) also got a boost. Solana broke above $147 after gaining over 16% <\/span><span>in the<\/span><span> last week.<\/span><\/p>\n<div class=\"chart crypto-chart-instance\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\"><\/div>\n<div class=\"chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\">&#8211;<\/div>\n<div class=\"chart__info-value\">&#8211;<\/div>\n<div class=\"chart__info-value\">&#8211;<\/div>\n<\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\">Log<\/button>\n            <\/div>\n<\/div>\n<\/div>\n<div class=\"chart__container\"><\/div>\n<\/div>\n<p>DISCOVER: <a href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\">Best New Cryptocurrencies to Invest in 2025<\/a><\/p>\n<p><span>Meanwhile, SUI had an even stronger pop, jumping almost 20% in <\/span><span>just<\/span><span> 24 hours to hit $2.65. This comes after a red month where we saw a low in the $1.75 range for this cryptocurrency.<\/span><\/p>\n<div class=\"chart crypto-chart-instance\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\"><\/div>\n<div class=\"chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\">&#8211;<\/div>\n<div class=\"chart__info-value\">&#8211;<\/div>\n<div class=\"chart__info-value\">&#8211;<\/div>\n<\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\">Log<\/button>\n            <\/div>\n<\/div>\n<\/div>\n<div class=\"chart__container\"><\/div>\n<\/div>\n<p><span>These are not just random moves <\/span><span>either<\/span><span>. <\/span><span>Investors <\/span><span>seem to be<\/span> <span>placing more trust<\/span><span> in scalable, high-performance chains beyond just Ethereum.<\/span><span> SOL and SUI have both <\/span><span>been praised<\/span><span> for speed and lower <\/span><span>costs,<\/span><span> and now they\u2019re benefiting from the broader wave of optimism.<\/span><\/p>\n<h2><span>Regulatory Change and the Market\u2019s Response\u00a0<\/span><\/h2>\n<p><span>Now for the SEC news. Paul Atkins, who just got confirmed as the new SEC Chair, is known for being <\/span><span>a lot<\/span><span> more crypto-friendly than his predecessors. <\/span><span>During his confirmation hearings,<\/span><span> he called for regulatory clarity and a more balanced approach to crypto enforcement.<\/span><\/p>\n<p><span>This shift in tone from the top of the SEC has injected some hope into the industry. While details are still emerging, many believe Atkins could push for clearer frameworks <\/span><span>that would<\/span><span> reduce the fear of sudden lawsuits or surprise crackdowns.<\/span><\/p>\n<h2><span>Trump\u2019s Strategic Bitcoin Reserve Plans<\/span><\/h2>\n<p><span>Meanwhile, Trump made another headline-grabbing move by pitching a Strategic Bitcoin Reserve for the U.S. government. The idea is to scoop up key digital assets like Bitcoin, Solana, Cardano, Ethereum, and Ripple and treat them like strategic resources, similar to oil or gold.<\/span><\/p>\n<p><span>It\u2019s not an official policy yet, but <\/span><span>just<\/span><span> talking about a national crypto reserve is enough to stir up excitement. If a government as large as the U.S. started seriously accumulating crypto, that would be a massive psychological shift for the entire market.<\/span><\/p>\n<h2><span>What Does This Mean for the Market Now?<\/span><\/h2>\n<p><span>The total crypto market cap now sits <\/span><span>just<\/span><span> shy of $3 trillion, with over $118 billion <\/span><span>in<\/span><span> daily trading volume.<\/span><span> Whether or not the rally holds, it\u2019s clear that crypto is once again riding the political wave.<\/span><\/p>\n<p><span>Between Trump\u2019s comments, a new SEC chief, and talk of a digital asset stockpile, crypto investors have <\/span><span>a lot<\/span><span> to chew on. If this momentum keeps going, it could set the tone for a busy and unpredictable second half <\/span><span>of<\/span><span> 2025.<\/span><\/p>\n<p><strong><span>DISCOVER:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span>20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"editor-rtfLink\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener\"><span>Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span>    <\/span><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span><br \/>\n        <\/span><\/p>\n<p><span><br \/>\n        Bitcoin surged past $91K after Trump floated a U.S. Strategic Bitcoin Reserve and Paul Atkins was confirmed as the new, crypto-friendly SEC Chair.<br \/>\n    <\/span><\/p>\n<p><span><br \/>\n        U.S.-based Bitcoin ETFs saw $381 million in inflows\u2014the highest daily total since January\u2014signaling renewed institutional interest.<br \/>\n    <\/span><\/p>\n<p><span><br \/>\n        Altcoins like Solana and SUI joined the rally, with both gaining over 12% amid growing investor confidence in scalable blockchains.<br \/>\n    <\/span><\/p>\n<p><span><br \/>\n        Paul Atkins\u2019 appointment to the SEC is seen as a shift toward clearer crypto regulation and less aggressive enforcement.<br \/>\n    <\/span><\/p>\n<p><span><br \/>\n        With political momentum building and market cap nearing $3 trillion, crypto appears poised for a volatile but potentially bullish second half of 2025.<br \/>\n    <\/span><\/p>\n<p><span><br \/>\n    <\/span><\/p>\n<p><span>    <\/span><\/p>\n<\/div>\n<p>    <\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/bitcoin-surges-to-93k-as-trump-talks-crypto-reserve-and-new-sec-chair-steps-in\/\">Bitcoin Surges to $93K as Trump Talks Crypto Reserve and New SEC Chair Steps In<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Crypto markets lit up Tuesday after a mix of political drama and regulatory shakeups jolted investor confidence. Bitcoin jumped to over $91,000 for the first time in nearly two months, with some help from Donald Trump\u2019s latest jabs at the Federal Reserve and the appointment of Paul Atkins as the new head of the SEC. [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61464","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61464"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61464"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61464\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}