Cryptocurrency markets surged on Tuesday, boosted by a combination of political events and changes in regulation, leading to increased investor confidence. Bitcoin’s price skyrocketed to over $91,000 for the first time in nearly two months, benefiting from Donald Trump’s recent criticisms of the Federal Reserve and the confirmation of Paul Atkins as the new head of the SEC. The reported price jump is quite significant as, just days earlier, Bitcoin was on the rise towards $92,000.

"$BTC just crossed $91K. We understand if you need a minute to process this."
— Roundtable Network (@RTB_io)
April 22, 2025

This spike in Bitcoin’s value was not unexpected. On Tuesday, U.S.-based Bitcoin ETFs witnessed an influx of $381 million—the largest single-day intake since January, marking a renewed interest from institutional investors. Analysts attribute part of this event to Trump’s ongoing critique of SEC Chair Jerome Powell, suggesting that if the Fed appears unstable, cryptocurrencies become a more enticing option for safeguarding investments.

$93K Bitcoin: Altcoins Join the Rally

Bitcoin wasn’t alone in its rise. Other cryptocurrencies like Solana (SOL) and Sui (SUI) also experienced boosts, with Solana climbing past $147 after a 16% gain over the week.

Meanwhile, SUI surged nearly 20% within 24 hours, recovering from a recent downturn.

Regulatory Change and the Market’s Response

On the regulatory front, Paul Atkins’ confirmation as SEC Chair brings a more favorable outlook for cryptocurrency. Known for being more accommodating than his predecessors, Atkins has emphasized the need for regulatory clarity and a balanced approach to crypto enforcement.

Trump’s Strategic Bitcoin Reserve Plans

Adding to the excitement, Trump proposed a Strategic Bitcoin Reserve, which would involve the U.S. government acquiring significant digital assets such as Bitcoin, Solana, Cardano, Ethereum, and Ripple, akin to resources like oil or gold.

What Does This Mean for the Market Now?

Currently, the total cryptocurrency market cap nears $3 trillion, with over $118 billion in daily trading volume. The market is responding to a surge in political discourse surrounding cryptocurrency, and if this momentum continues, it could signal a thrilling and unpredictable remainder of 2025.

Key Takeaways:

1. Bitcoin jumped over $91K bolstered by Trump’s advocacy for a U.S. Strategic Bitcoin Reserve and the appointment of a more crypto-friendly SEC Chair.
2. Institutional Bitcoin ETFs recorded significant inflows, indicating renewed market trust.
3. Altcoins such as Solana and SUI enjoyed notable gains, reflecting growing investor appetites for scalable blockchain solutions.
4. The industry anticipates clearer regulations under the new SEC leadership, potentially ensuring less aggressive enforcement.
5. With a robust market cap nearing $3 trillion, the crypto sector stands to enter a highly volatile yet promising phase ahead.