$BTC The crypto market is ablaze once again, with Bitcoin (BTC) surging past the $100,000 mark and Ethereum (ETH) experiencing significant gains.

Bitcoin has climbed to approximately $102,975, marking its highest level since February 2025. This rally is fueled by easing trade tensions following a new U.S.-UK trade agreement, renewed investor confidence, and substantial institutional inflows into digital asset funds, totaling $5.5 billion in the past three weeks . Analysts project that Bitcoin could reach $120,000 in the second quarter of 2025 .

Ethereum has also seen a remarkable upswing, with its price rising over 20% in a single day to around $2,231. This surge is attributed to a 41% increase in its Total Value Locked (TVL) over the past 30 days, reaching $52.8 billion, indicating a significant influx of assets into decentralized applications and protocols on the Ethereum network .

The broader crypto market reflects this bullish momentum, with the total market capitalization surpassing $3.2 trillion. Altcoins such as GAME, EIGEN, AVA, and AI16Z are leading the rally alongside BTC and ETH .

This resurgence is not only boosting cryptocurrencies but also positively impacting crypto-related stocks. Companies like MicroStrategy, Coinbase, and Robinhood have seen their stock prices rise in tandem with the crypto market's performance .

While the market sentiment is currently optimistic, analysts advise caution due to potential short-term volatility and macroeconomic uncertainties. Nonetheless, the current trends suggest a strong bullish phase for the crypto market as we progress through the second quarter of 2025.