Why Bitcoin & Ethereum Price Surge Today? Key Reason Behind It

The post Why Bitcoin & Ethereum Price Surge Today? Key Reason Behind It appeared first on Coinpedia Fintech News

Bitcoin is back in the spotlight as it surges to a new seven-week high of $91,000. After struggling near $74,400 just a few weeks ago, the world’s largest cryptocurrency has bounced back with an impressive 22% gain. 

But this price jump isn’t just about Bitcoin, Ethereum too, is back in the green, now trading above $1,700 after a solid 5.5% rise in just 24 hours.

So, what’s behind this sudden price pump? Let’s break it down.

Institutional Money is Flowing Back into Bitcoin 

One of the biggest reasons behind Bitcoin’s jump is the return of institutional investors. U.S.-based Bitcoin ETFs saw their biggest daily inflow in the last few weeks, pulling in $381.3 million. 

Leading the charge was ARK’s Bitcoin ETF with $116 million, followed by Fidelity’s fund with $87 million. This strong inflow shows that institutional players are confident about Bitcoin’s future again.

Political Pressure on the Fed to Cut Rates

Another key reason is the political pressure being placed on the Federal Reserve. U.S. President Donald Trump is urging the Fed to lower interest rates, which often leads investors to seek out alternative assets like Bitcoin and Ethereum. 

There are even talks of whether Trump could try to remove Fed Chair Jerome Powell, which is creating uncertainty in traditional markets.

Dollar Weakness and Growing Liquidity

The U.S. Dollar Index (DXY) recently hit its lowest point since February 2022, dropping to around 98.77. A weaker dollar tends to boost crypto prices, especially when global liquidity is on the rise. 

As more money flows through the system, digital assets like Bitcoin and Ethereum often benefit.

Bitcoin & Ethereum Price Outlook

As of now, Bitcoin is trading at $90,859, up 4%, with a market cap near $1.8 trillion. But crypto expert Ali Martinez warns of hurdles ahead, as key resistance levels between $95,600 and $98,290 could slow it down. If Bitcoin breaks through, though, the path to $100K might finally open up.

On the other hand, Ethereum is seen trading around $1,695, up 5.5% in the past day. According to Crypto Rover, two big investors (called whales) just bought 4,500 ETH worth $7.36 million. 

This shows strong trust in Ethereum and could help push its price even higher—some even believe it might reach $10,000 someday.