Bitcoin Briefly Breaks $87K Barrier as Investors Return

Bitcoin has staged a strong comeback, briefly pushing beyond $87,000 for the first time in weeks as liquidity conditions improve globally and institutional players show signs of renewed appetite, even while concerns around U.S. trade tensions keep broader markets on edge.

Bitcoin has surged past $87,000 for the first time in weeks, riding a wave of increased global liquidity and renewed institutional activity, even as uncertainty around U.S. trade policies lingers.

Earlier this month, the leading cryptocurrency dipped near $74,500 amid market anxiety triggered by the U.S.’s push for expanded tariffs. However, with money supply (M2) across major economies growing to over $90 trillion since December, conditions have shifted in bitcoin’s favor.

Institutional players are reentering the space. Strategy—formerly MicroStrategy—acquired over 3,400 BTC despite recording nearly $6 billion in unrealized losses in Q1.

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The firm remains bullish, emphasizing bitcoin’s independence from traditional financial risks. ETF inflows totaling $15.8 million last week also point to rising investor confidence.

Other top cryptocurrencies showed mixed results: Ethereum and XRP inched up, while Solana slipped. Analysts remain cautious, citing unresolved trade negotiations and elevated yields. Still, bitcoin outpaced major equity benchmarks in April, reinforcing its role as a standout performer in volatile times.

Attention now turns to the Federal Reserve’s policy meeting in early May, with a low but notable chance of a rate cut. For bitcoin’s rally to evolve into a lasting bull market, analysts suggest dovish monetary policy and clarity on trade will be key.

Alexander Stefanov