Bitcoin, Ether Rally Higher As US Monetary Plan Excites Bulls
Published on April 23, 2026.
US government bailout plans and currency swap lines with the UAE are helping to alleviate global liquidity fears and reduce credit crisis risks. Record Bitcoin ETF inflows and rising BTC miner profits suggest strong bullish momentum despite the ongoing Iran war. The total cryptocurrency market capitalization surged to an 11-week high on Wednesday, with Bitcoin (BTC) reaching $79,000 and Ether (ETH), reaching $2,400. The Nasdaq-100 index reached a record high as traders awaited Tesla's quarterly earnings. Investors are now considering whether Bitcoin and Ether are destined for further gains or if a short-term correction is imminent. US President Donald Trump reportedly suggested that the federal government should help financially support Spirit Airlines, a budget carrier that has experienced bankruptcy twice since 2025.
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