Bitcoin has climbed past $97,000 again, and many are asking—did Microsoft and Meta have something to do with it?
After both tech giants shared stronger-than-expected earnings reports, investors seemed to breathe a little easier. As confidence returned, many started buying up stocks and crypto. We often see this pattern: when tech companies do well, interest in Bitcoin and other digital assets tends to follow.
Key Points
- Bitcoin is trading around $96,700, up nearly 2% in 24 hours.
- Strong tech earnings often lead to more interest in crypto.
- Even economic uncertainty can push people toward Bitcoin.
Now you might be wondering—what is going on in the U.S., and why does it affect Bitcoin? The American economy shrank slightly in the first quarter of the year, with a 0.3% drop. That may sound small, but it has investors on edge. Many fear a recession could be coming, and those concerns ripple across the globe, including even Europe.
On top of that, President Donald Trump is bringing back import tariffs. These make products from outside the U.S. more expensive. While that might not impact large corporations right away, it could create big problems for smaller American businesses. Think rising costs and delayed shipments. The U.S. Chamber of Commerce even called the situation “unsustainable.”
Why Bitcoin is going up no matter what
Here is where Bitcoin fits in. Whether the economy looks strong or weak, Bitcoin seems to benefit. If things are looking rough, investors tend to move money into assets they see as safer—like gold or Bitcoin. But if the economy is doing well, interest in tech stocks increases, and with it, crypto often gets a boost.
As analyst Steven Lubka put it: “Heads or tails, Bitcoin wins.”
Right now, Bitcoin is holding near $96,700, up nearly 2% in just one day.
Meanwhile, Nvidia is seeing gains too. The chipmaker’s stock rose 2.6%, helped by news that the U.S. might relax chip export rules to countries in the Middle East. That could benefit companies working in artificial intelligence (AI), a sector that continues to attract investor attention.
We are keeping an eye on all these moving parts, but if you are just getting started with Bitcoin, do not worry—our guides on HowToBuyBitcoin.org can walk you through the basics and help you understand how it all connects.