#创作者成长激励计划 Bitcoin price today: Steady at $92,800 after rallying sharply as trade tensions ease
Bitcoin settled on Thursday after rallying in the previous session. The token remained supported by signs of easing trade tensions between the U.S. and major trading partners, as investors booked some profits at a seven-week high.
The world’s largest cryptocurrency was virtually unchanged at $92,875.0.
Bitcoin rose nearly 7% on Wednesday to top $94,000, its highest since early March.
Signals of easing tariff tensions boost risk appetite
Wednesday’s rally came after U.S. President Donald Trump backed down from recent threats to fire Federal Reserve Chair Jerome Powell.
Trump also signaled that trade tariffs on China could potentially be eased, raising hopes for a more stable economic outlook.
While the Trump administration has shown a willingness to reduce trade tensions, high US-China tariffs are unsustainable, US Treasury Secretary Scott Bessent said on Wednesday.
The positive sentiment was further strengthened by media reports that Japanese Economy Minister Ryosei Akazawa will visit Washington from April 30 to May 2 to participate in the second round of tariff negotiations.
These factors have improved global risk appetite, encouraging the flow of funds into Bitcoin and other risk-sensitive assets.
Crypto campaigners are urging the Swiss central bank to buy Bitcoin.
Crypto advocates are intensifying their efforts to persuade the Swiss National Bank (SNB) to add Bitcoin to its reserves. They argue that U.S. President Donald Trump’s tariffs are increasing global instability and highlighting the need for diversification, Reuters reported on Thursday.
A referendum campaign launched in December aims to change the Swiss constitution to require the SNB to hold Bitcoin alongside gold.
“As the world moves towards a multipolar order where the dollar and the euro are weakening, it makes more sense to hold Bitcoin,” campaigner Luzius Meisser, a member of the board of Bitcoin Suisse, told Reuters.
Meisser, who is expected to speak at the SNB’s annual general meeting in Bern, argued that Bitcoin could protect the SNB from geopolitical risks associated with its heavy reliance on the dollar and euro. “Politicians eventually succumb to the temptation to print money to fund their plans, but Bitcoin is a currency that cannot be inflated by deficit spending,” Meisser said.
Switzerland has become a leading hub for blockchain innovation, with projects such as Ethereum emerging in the town of Zug, known as “Crypto Valley.” A recent study by the University of Lucerne found that 11% of Swiss residents have invested in crypto assets.
Despite this, the SNB is concerned about Bitcoin’s volatility, liquidity and security risks, and currently holds no digital assets.
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Miss_1903
· 2025-04-27 07:34
HODL Tight 💪
Reply0
Asiftahsin
· 2025-04-25 01:32
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Reply0
Moonspid
· 2025-04-24 20:58
Buy to earn 💎
View OriginalReply0
muhengi
· 2025-04-24 20:36
HODL Tight 💪
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Rota,Kaplan
· 2025-04-24 19:05
HODL Tight 💪
Reply0
SOCIOLOGIST
· 2025-04-24 16:45
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#创作者成长激励计划 Bitcoin price today: Steady at $92,800 after rallying sharply as trade tensions ease
Bitcoin settled on Thursday after rallying in the previous session. The token remained supported by signs of easing trade tensions between the U.S. and major trading partners, as investors booked some profits at a seven-week high.
The world’s largest cryptocurrency was virtually unchanged at $92,875.0.
Bitcoin rose nearly 7% on Wednesday to top $94,000, its highest since early March.
Signals of easing tariff tensions boost risk appetite
Wednesday’s rally came after U.S. President Donald Trump backed down from recent threats to fire Federal Reserve Chair Jerome Powell.
Trump also signaled that trade tariffs on China could potentially be eased, raising hopes for a more stable economic outlook.
While the Trump administration has shown a willingness to reduce trade tensions, high US-China tariffs are unsustainable, US Treasury Secretary Scott Bessent said on Wednesday.
The positive sentiment was further strengthened by media reports that Japanese Economy Minister Ryosei Akazawa will visit Washington from April 30 to May 2 to participate in the second round of tariff negotiations.
These factors have improved global risk appetite, encouraging the flow of funds into Bitcoin and other risk-sensitive assets.
Crypto campaigners are urging the Swiss central bank to buy Bitcoin.
Crypto advocates are intensifying their efforts to persuade the Swiss National Bank (SNB) to add Bitcoin to its reserves. They argue that U.S. President Donald Trump’s tariffs are increasing global instability and highlighting the need for diversification, Reuters reported on Thursday.
A referendum campaign launched in December aims to change the Swiss constitution to require the SNB to hold Bitcoin alongside gold.
“As the world moves towards a multipolar order where the dollar and the euro are weakening, it makes more sense to hold Bitcoin,” campaigner Luzius Meisser, a member of the board of Bitcoin Suisse, told Reuters.
Meisser, who is expected to speak at the SNB’s annual general meeting in Bern, argued that Bitcoin could protect the SNB from geopolitical risks associated with its heavy reliance on the dollar and euro. “Politicians eventually succumb to the temptation to print money to fund their plans, but Bitcoin is a currency that cannot be inflated by deficit spending,” Meisser said.
Switzerland has become a leading hub for blockchain innovation, with projects such as Ethereum emerging in the town of Zug, known as “Crypto Valley.” A recent study by the University of Lucerne found that 11% of Swiss residents have invested in crypto assets.
Despite this, the SNB is concerned about Bitcoin’s volatility, liquidity and security risks, and currently holds no digital assets.
Crypto price today: altcoins fall, Polygon rises 17%.
Altcoins also fell after a sharp rally in the previous session amid broader risk appetite.
Ethereum, the world’s number 2 cryptocurrency, fell 3% to $1,750.39.
XRP, the world’s number 3 cryptocurrency, fell 4% to $2.18.
Solana fell 2.6%, while Cardano lost 1.5%.
Meanwhile, Polygon rose more than 17% after introducing the Agglayer Breakout Program to accelerate ecosystem expansion.