Bitcoin Surges to $93K as Trump Talks Crypto Reserve and New SEC Chair Steps In

Crypto markets lit up Tuesday after a mix of political drama and regulatory shakeups jolted investor confidence. Bitcoin jumped to over $91,000 for the first time in nearly two months, with some help from Donald Trump’s latest jabs at the Federal Reserve and the appointment of Paul Atkins as the new head of the SEC. On April 22nd, we reported on Bitcoin breaching $87,000, potentially aiming for $92,000, and now we have a $93K Bitcoin price. It looks like we’re on track; let’s see what’s causing this.

$BTC just crossed $91K.
We understand if you need a minute to process this. pic.twitter.com/zBhSBCfj0S

— Roundtable Network (@RTB_io) April 22, 2025

The price action didn’t come out of nowhere. U.S.-based Bitcoin ETFs pulled in $381 million in inflows on Tuesday, the biggest single-day haul since January. That’s a pretty clear signal that institutional money is flowing in again. Analysts say Trump’s renewed criticism of Fed Chair Jerome Powell had something to do with it. If the central bank is seen as shaky, crypto suddenly starts to look like a more appealing hedge.

$93K Bitcoin: Altcoins Join the Rally

Bitcoin wasn’t the only one catching a wave. Solana (SOL) and Sui (SUI) also got a boost. Solana broke above $147 after gaining over 16% in the last week.

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Meanwhile, SUI had an even stronger pop, jumping almost 20% in just 24 hours to hit $2.65. This comes after a red month where we saw a low in the $1.75 range for this cryptocurrency.

These are not just random moves either. Investors seem to be placing more trust in scalable, high-performance chains beyond just Ethereum. SOL and SUI have both been praised for speed and lower costs, and now they’re benefiting from the broader wave of optimism.

Regulatory Change and the Market’s Response

Now for the SEC news. Paul Atkins, who just got confirmed as the new SEC Chair, is known for being a lot more crypto-friendly than his predecessors. During his confirmation hearings, he called for regulatory clarity and a more balanced approach to crypto enforcement.

This shift in tone from the top of the SEC has injected some hope into the industry. While details are still emerging, many believe Atkins could push for clearer frameworks that would reduce the fear of sudden lawsuits or surprise crackdowns.

Trump’s Strategic Bitcoin Reserve Plans

Meanwhile, Trump made another headline-grabbing move by pitching a Strategic Bitcoin Reserve for the U.S. government. The idea is to scoop up key digital assets like Bitcoin, Solana, Cardano, Ethereum, and Ripple and treat them like strategic resources, similar to oil or gold.

It’s not an official policy yet, but just talking about a national crypto reserve is enough to stir up excitement. If a government as large as the U.S. started seriously accumulating crypto, that would be a massive psychological shift for the entire market.

What Does This Mean for the Market Now?

The total crypto market cap now sits just shy of $3 trillion, with over $118 billion in daily trading volume. Whether or not the rally holds, it’s clear that crypto is once again riding the political wave.

Between Trump’s comments, a new SEC chief, and talk of a digital asset stockpile, crypto investors have a lot to chew on. If this momentum keeps going, it could set the tone for a busy and unpredictable second half of 2025.

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Key Takeaways

Bitcoin surged past $91K after Trump floated a U.S. Strategic Bitcoin Reserve and Paul Atkins was confirmed as the new, crypto-friendly SEC Chair.

U.S.-based Bitcoin ETFs saw $381 million in inflows—the highest daily total since January—signaling renewed institutional interest.

Altcoins like Solana and SUI joined the rally, with both gaining over 12% amid growing investor confidence in scalable blockchains.

Paul Atkins’ appointment to the SEC is seen as a shift toward clearer crypto regulation and less aggressive enforcement.

With political momentum building and market cap nearing $3 trillion, crypto appears poised for a volatile but potentially bullish second half of 2025.