Spotlight

After the global financial markets breathed a sigh of relief following the suspension of most tariffs by the US government and recorded positive price developments, institutional interest has now shifted from gold to Bitcoin. Bitcoin ETFs recorded inflows of more than three billion US dollars last week, resulting in a noticeable increase in demand. This provided further positivity in the market for digital assets. A significant increase in liquidity via monetary expansion (M2) is also leading to investment pressure!

Digital Asset News

Market sentiment is positive again: Crypto investor sentiment has recovered significantly from global tariff concerns. Risk appetite among crypto investors appeared to return this week after US President Donald Trump struck a softer tone, saying that import tariffs on Chinese goods could ‘come down significantly’.

Trump puts pressure on the Federal Reserve: Trump is threatening to sack FED chairman Jerome Powell if he does not allow himself to be tempted to cut key interest rates quickly as ‘desired’. Powell was unimpressed by this, but falling key interest rates could temporarily ensure positive markets.

Institutional investments: The Bitcoin ETF ecosystem has reached a new phase of capital accumulation. On 23 April 2025, daily inflows exceeded USD 912 million, setting a record for the year. Just a few weeks after sustained outflows, this seems to mark a dramatic return to bullish sentiment.

Digital Asset Market

Market review and outlook

The majority of digital assets once again experienced significant upturns last week. This was triggered by strong institutional interest, which impressively underlines the importance and future viability of the asset class. The global financial markets also experienced an unusually positive trading week and the tech sector in particular was able to breathe a sigh of relief, with the Nasdaq 100 rising by over 8% on a weekly basis. Due to the correlation of the markets, this market sentiment ensured sustained volume inflows, which strengthened the market and ensured and could ensure further upswings. Trump's pressure on the Fed and Jerome Powell seems to be fuelling the idea that interest rates could be cut quickly. Positive prospects in the AI and technology sector helped to drive above-average volumes in the digital assets market. The coming week will show whether a healthy consolidation sets in or whether the positive trends can be continued. If the positive sentiment in the market continues, Bitcoin could once again set its sights on the psychologically important market of $100,000.

Chart technology

From a chart technical perspective, Bitcoin is now above half of the overarching important and strong trend channel ($80,000-$90,000) at ~$94,500 and thus around the resistance level at $95,000. Should this resistance be broken with high volumes in the medium term, a rise to $100,000 could be the result. Should a consolidation set in after the positive weeks, $90,000 should serve as support to maintain the trend. Further positivity will mainly depend on global financial market sentiment and the correlation between these and digital assets is likely to increase again. In terms of potential price developments, altcoins in particular are still much more cautious than Bitcoin. Should this change, high caps once again offer good opportunities for a bullish week.

The next price targets in the event of a positive development: ~$97,500, ~$100,500 ~$105,000

The next price targets in the event of a negative development: ~$91,500, ~$88,000 ~$85,000

Trading idea

Should Bitcoin radiate clear positivity and test the $100,000 mark, altcoins in particular are likely to experience volatile upswings as a result. In the event of profit-taking or consolidation, the risk should be reduced and stop losses tightened.