The global cryptocurrency market has reached a milestone. According to XBIT data, the price of Bitcoin continues to rise, with a market value of over $1.3 trillion, surpassing Alphabet (Google) to become the fifth largest asset in the world, second only to Apple, Microsoft, Saudi Aramco and Alphabet. At the same time, Tesla's latest financial report shows that it still holds Bitcoin worth $951 million. This trend resonates with US President Trump's remarks on loosening tariff policies, driving a collective surge in the US stock market, crude oil and crypto markets.
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The jump in Bitcoin's market value comes at a time of multiple positive factors, including a decline in U.S. inflation data, a slowdown in the Fed's rate hike expectations, and continued inflows of institutional funds. Tesla's position dynamics have become a key variable. According to its first-quarter financial report, the number of bitcoins held by Tesla remained stable at 11,509, with a value slightly lower than $1.076 billion at the end of last year, but there were no signs of selling. XBIT data shows that Tesla has not conducted large-scale transactions since accumulating Bitcoin in 2021. This "firm holding" strategy has strengthened the market's consensus on Bitcoin as digital gold.
XBIT analysis pointed out that Tesla's holdings not only provide credit endorsement for Bitcoin, but also affect market sentiment through public disclosure. XBIT (dex Exchange) research director said: "The long-term allocation of institutional investors is reshaping the financial attributes of cryptocurrencies." Trump admitted in a public speech on Tuesday (April 22) that "US tariffs on China are too high" and is expected to significantly reduce the tax rate. This statement eased market concerns about escalating trade frictions. Affected by this, the three major US stock indexes closed higher, with the Dow Jones Industrial Average up 2.66%, the Nasdaq and the S&P 500 up 2.71% and 2.51% respectively. European stock markets rose simultaneously, with the German DAX30 index up 0.41%.
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The crypto market was also boosted, with Bitcoin prices approaching $95,000, up more than 5% in 24 hours. Ethereum followed the upward trend, and XBIT (dex Exchange) analysts pointed out that its maximum potential resistance level is at $1,860, and if it breaks through, it is expected to hit the psychological barrier of $2,000.
Despite the rising popularity of the Bitcoin market, the probability of the Federal Reserve keeping interest rates unchanged in May is still as high as 91.7%, and the market generally expects that the rate cut will be limited this year. However, XBIT (dex Exchange) analysts believe that deflationary policies are unsustainable under high debt levels, and Bitcoin will benefit from loose liquidity. After breaking through $110,000, it may start the "altcoin season" and drive the prosperity of the entire ecosystem.
The momentum of capital inflow in the crypto market is strong. According to XBIT statistics, Bitcoin spot ETF had a net inflow of $936 million in a single day, achieving net growth for three consecutive days. Among them, Ark Invest’s ARKB ranked first with $267 million, and Fidelity FBTC’s total net inflow exceeded $11.6 billion. Currently, the total assets of Bitcoin spot ETFs have reached US$103.3 billion, accounting for 5.71% of the total market value of Bitcoin, indicating that the proportion of institutional allocation continues to increase.
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Bitcoin's market value has exceeded the trillion-dollar threshold and ranked among the top five in the world, indicating that crypto assets are moving from the margins to the mainstream. Tesla's long-term holdings, the rise of institutional joint venture platforms, and the loosening of policies and the influx of funds have jointly outlined a new picture of the crypto market. However, XBIT (dex Exchange) strategists remind investors: "High volatility and regulatory uncertainty are still potential risks, and the market needs to be wary of the hidden worries behind the short-term speculative boom. XBIT (dex Exchange) supports the management of a variety of crypto assets, including Bitcoin, Ethereum, DeFi tokens and NFTs, allowing high-net-worth investors to complete the management of diversified assets on the same platform. And through compliance measures such as KYC (customer identity verification) and AML (anti-money laundering), ensure that investors' assets comply with the financial regulatory laws and regulations of various countries. In addition, the regular audit reports and transparent asset management provided by the platform enable investors to understand their asset status at any time and ensure the compliance and transparency of asset management.
