- Michael Saylor’s firm, Strategy, which rebranded from MicroStrategy, has yet again made headlines by acquiring 3,459 bitcoins this April.
- Bitcoin’s surge past $87,000 aligns with increasing global liquidity, propelled by the expanding M2 money supply and heightened institutional activity.
Bitcoin jumped to $87,630 this week, its highest level since April 2, signaling a possible turning point in market sentiment. The world’s largest cryptocurrency surged more than 3.40% in the past 24 hours, according to CoinMarketCap. This rebound arrives after weeks of sideways movement and earlier losses tied to global trade tension.
Earlier in the month, bitcoin had slipped to $74,500 amid renewed concerns over U.S. tariff policies. The shift in American trade strategy, led by President Donald Trump, sent waves across equity and crypto markets, pushing investors toward less volatile assets. But now, the tide seems to be turning—at least for digital coins.
Backing this price move is a noticeable uptick in global liquidity. Between December and February, the combined M2 money supply from the U.S., Europe, Japan, and China reached $90.2 trillion, according to MacroMicro. This increase appears to be propping up demand and limiting the supply of Bitcoin as institutions quietly re-enter the space.
Institutions Return, Eyes on Strategy’s Moves
Michael Saylor’s firm, Strategy, which rebranded from MicroStrategy, has yet again made headlines by acquiring 3,459 bitcoins this April. Despite unrealized losses totaling $5.91 billion in the first quarter, the company continues to double down on its bitcoin thesis. Saylor took to X to restate his view:
Bitcoin has no counterparty risk. No company. No country. No creditor. No currency. No competitor. No culture. Not even chaos.
That kind of belief, though polarizing, appears to reflect a broader sentiment shift in major financial players. Spot bitcoin ETFs in the U.S. saw net inflows of $15.8 million last week. This marks a reversal from the cautious stance seen through February and March and could be a sign of growing institutional appetite.
At the same time, other digital coins responded to the bullish wave. Ether moved up 0.97% to $1,632, and XRP gained 1.38%, reaching $2.11. But Solana showed weakness, dipping 0.87% to settle at $140.2. These uneven moves suggest that the market is still selectively optimistic.
Fed Decision Looms as Rally Faces Roadblocks
Not everyone’s convinced the rally has legs. Peter Chung from Presto Research warned that “it’s too early to say we are out of the woods yet,” pointing to the ongoing trade negotiations and persistent market volatility.
“The lingering nervousness is evident in the still elevated 10-year treasury and high yields, weak DXY, etc.,” he added.
Still, Chung noted bitcoin’s relative strength in April, highlighting how it outperformed key indices like the S&P 500 and Nasdaq, as well as the so-called “Magnificent 7” tech giants. That resilience has helped it regain attention from both seasoned traders and curious onlookers.
Bitcoin’s surge past $87,000 aligns with increasing global liquidity, propelled by the expanding M2 money supply and heightened institutional activity. Kronos Research expert Dominick John links the trend to signals from Strategy, reinforcing demand while constraining availability. Federal Reserve policies will play a crucial role in maintaining current momentum.
