News

On April 22, Bitcoin (BTC) jumped above the $91,000 mark, gaining over 3% in the last 24 hours.

The world’s largest cryptocurrency is now up more than 6% in the past week, according to Kraken’s price feed. Ethereum and Solana are also up — with ETH rising to $1,671 and SOL hitting $144.

What’s behind the move? A perfect storm of global economic uncertainty, political tension, and tech-driven optimism.

One major factor is renewed criticism from President Donald Trump toward Federal Reserve Chair Jerome Powell. On Truth Social, Trump called Powell a “major loser” and warned, “There can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late… lowers interest rates, NOW.”

The post added to already growing market anxiety around U.S. monetary policy. Trump has previously floated the idea of firing Powell, and his latest comments fueled fresh concerns about the independence of the Fed. Some analysts warned that any real attempt to oust Powell could rattle investors even more.

But while that’s bad news for traditional markets, it’s often good news for Bitcoin.

As fear over fiat monetary policy grows, investors increasingly see crypto — especially Bitcoin — as a hedge. Gold also jumped past $3,500 per ounce, and the Japanese yen strengthened, as traders turned to perceived safe havens.

Stock markets also bounced back after Monday’s massive selloff. The Dow rose 791 points, or 2.1%. The S&P 500 gained 2%, and the Nasdaq climbed 2.2%. That rebound helped lift overall sentiment, especially in risk-on assets like crypto.

Matt Hougan, Chief Investment Officer at Bitwise Asset Management, weighed in on Bitcoin’s recent surge — and didn’t hold back.

“Bitcoin is rallying because they broke the economy,” Hougan wrote on X (formerly Twitter) on April 22. “And the way they’ll ‘fix’ the economy will make bitcoin rally harder.”

As investor sentiment wavers between fear and greed, Bitcoin’s breakout past $90K could be a sign that digital assets are regaining momentum — and trust.