Bitcoin (BTC) Price Shocks Everyone as the Asset Regains Momentum, Breaking Through $90,000

Bitcoin shocked everyone today as the asset regained momentum, breaking through a key psychological level. Today, on April 22nd, the world's largest cryptocurrency regained the $90,000 status

Bitcoin (BTC) price analysis: A substantial 5.64% gain in the last 24 hours has propelled Bitcoin to a recovery of the $90,000 mark, currently trading at $91,602.

The world’s leading cryptocurrency is showing signs of resilience with a 7.71% increase over the last 30 days after a month-long bearish trend.

Earlier this year, several institutional investors began dumping their digital assets as quickly as they acquired them during the 2020-2021 bull market. However, this year has seen a different narrative unfold.

Since the beginning of the year, several companies and central banks have been quietly accumulating BTC. As a result, the price of Bitcoin has slowly but surely begun to rise.

Most recently, Michael Saylor’s Strategy has added another 6,556 BTC to its balance, while the Japanese firm Metaplanet has added $28 million in the asset.

This trend could become crucial moving forward as it shows that even in times of economic downturn, institutions are showing interest in accumulating Bitcoin.

Compared to stocks, the digital asset has performed better in April, which could mean that investors are shifting to BTC during uncertain economic times.

Bitcoin ETF’s back in the black

The bullish reversal could be noted by yesterday’s Bitcoin ETF movements, as the collective of exchange-traded funds added $381 million in BTC to its reserve.

This marks the highest daily inflow in over two months and shows a reversal in trend after several consecutive days of outflows.

The sharp rebound in Bitcoin’s price comes after months of downward pressure, suggesting that institutional players remain committed to the asset despite the recent market volatility.

As global economic instability persists and traditional assets experience turbulence, investors seem to be shifting toward BTC as a reliable store of value and a hedge against inflation.