Bitcoin’s price soared past $94,000 on April 23, 2025, driven by a combination of factors. Easing concerns about U.S. monetary policy and large-scale short liquidations played significant roles. The market witnessed a surge in trading activity, as traders closed out positions following the substantial price rise. Notable influences include Donald Trump’s statements supporting Fed Chair Jerome Powell’s policies and the increased adoption of Bitcoin by institutional investors for their hedging strategies. 500 million dollars worth of short BTC positions were liquidated, marking one of the largest short squeezes of 2025. This surge was also fueled by technical bullish signals and increased demand for risk-hedging assets amid global economic uncertainties. Ethereum also saw an upward movement to reach $3,500. Analysts suggest a potential pullback in price due to overbought conditions, but expect continued bullish trends. Historical data indicates the likelihood of post-surge consolidation before hitting new highs. Market observers anticipate increased growth across crypto markets. Regulatory clarity and technological advancements could further strengthen investor interest and drive demand for Bitcoin as a safe haven asset during global economic shifts. Former President Trump commented that he