Bitcoin Surpasses $97K, Reaches 2025 High as Market Recovers Amid Positive Sentiment

Bitcoin has surged past the $97,000 threshold, hitting a fresh high for 2025 as market sentiment improves and concerns about potential tariff impacts ease. The cryptocurrency rose by 3.5% over the last 24 hours, marking a significant rebound from its recent lows.

Alongside Bitcoin’s rise, the broader stock market has shown signs of recovery, with the Nasdaq up 2% and the S&P 500 gaining 1.6%. This comes after investor sentiment improved following news that some of the trade tensions initiated in early April by President Trump are starting to be resolved, giving markets a boost.

Mike Bird, editor at The Economist, humorously pointed out the unusual stability, saying, “Someone’s out there, blissfully unaware of April’s chaos, just checking their portfolio once a month.”

Strategy (MSTR) Bounces Back Strongly

The rebound is also reflected in Strategy (MSTR), the business intelligence company known for its aggressive Bitcoin purchases. After a significant drop of 55% from its November highs, MSTR is making a comeback, hitting a new 2025 high above $400 in recent trading.

However, analysts remain cautious. “We don’t usually see the peak until after it’s already passed,” said Quinn Thompson, founder of Lekker Capital, commenting on MSTR’s recent rally. The company will report its first-quarter earnings on Thursday, and there’s growing speculation that it will announce more Bitcoin acquisitions, potentially financed by an additional equity offering.

Michael Saylor, Strategy’s Executive Chairman, has fueled such speculation, urging his followers to pay attention to the earnings call. Some analysts, including Thompson, believe Saylor could go even further with a larger purchase, further solidifying Strategy’s position as a major Bitcoin holder.