Bitcoin, Ethereum, Dogecoin Pump Along With Stock On US-China Trade War De-Escalation Hopes: Analyst Flags $95,600-$98,290 As BTC’s Next Key Resistance
Leading cryptocurrencies rose alongside stocks on Tuesday on hopes that trade tensions between the U.S. and China would ease.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +5.39% | $93,035.20 |
| Ethereum (CRYPTO: ETH) |
+11.94% | $1,771.73 |
| Dogecoin (CRYPTO: DOGE) | +12.27% | $0.1813 |
What Happened: Bitcoin drove the surge, surpassing $93,000 for the first time since the first week of March.
The rest of the market followed suit, with Ethereum, which was previously immune to Bitcoin’s advances, soaring nearly 12% in the last 24 hours.
Bitcoin’s April gains shot up to 12.3%, a marked recovery from the 12% dip in the first quarter of 2025.
The rally hit bearish traders hard as nearly $516 million in short positions were wiped out in the last 24 hours.
However, if Bitcoin reversed to $90,000, over $677 million in bullish long bets were at risk of liquidation.
Bitcoin’s Open Interest lifted 12.18% in the last 24 hours to a new monthly high, while funds locked in Ethereum’s futures contract soared 15%.
Interestingly, over 60% of Binance traders with open …
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