Bitcoin (BTC) Price Breaks US$95,000 (Rp1.58 Billion) Level, Reaching Its Highest Point Since Last February

Bitcoin (BTC) rose again, breaking the US$95,000 (Rp1.58 billion) level on Tuesday, April 29 yesterday, jumped 8 percent in the last seven days and reached its highest level since last February.

Bitcoin (BTC) price rose again, breaking the US$95,000 (Rp1.58 billion) level on Tuesday, April 29, up 8 percent in the last seven days and reached its highest level since last February.

Crypto's magic says that this spike reflects the growing confidence of investors and mainstream adoption of Bitcoin, as news reports that President Donald Trump’s tariff negotiations are close to completion.

Earlier, Trump’s announcement of Trump's new tariff policy early in the month sparked market chaos and prompted massive sell-offs in stock markets and cryptocurrencies.

However, the market is starting to stabilize after Trump announced the suspension of most fares, except for China. Since the announcement of the tariff break, Bitcoin has strengthened by about 14 percent.

In addition, on-chain data is also said to further strengthen the potential for a Bitcoin price spike. Based on CryptoQuant data, investors have withdrawn more than $4 billion from trading platforms since Trump's latest call for cut interest rates.

As a result, Bitcoin's total deposits on the exchange decreased from USD 237.8 billion on April 22 to USD 233.8 billion to date.

This phenomenon shows that many investors choose to secure their Bitcoins in private wallets, reducing selling pressure in the market.

With Bitcoin supply continuing to shrink on the exchange and demand remaining high, Ajaib predicts Bitcoin's prospects towards a psychological level of 100,000 US dollars (Rp1.67 billion) are still very open.