#CryptoComeback

Why are Bitcoin, Ethereum, and Ripple prices rising today?

Global trade agreement is easing

In addition to optimism, the United States and the United Kingdom announced a major trade agreement that not only reduces tariffs but also improves access between markets.

And there is more to come, as American and Chinese leaders prepare to talk about trade again, which could lead to lower tariffs. This would be another win for the crypto world.

Bitcoin dominates the surge

The rise of Bitcoin is not just driven by news, but is also supported by strong backing. U.S. states like Missouri, Arizona, and Oregon have passed new crypto-friendly laws. Missouri even removed taxes on Bitcoin gains, making it easier for people to invest.

At the same time, the Bitcoin exchange-traded fund has seen a steady influx of money flowing into it. On May 8, the BTC ETF witnessed an inflow of $117 million, leading to BlackRock's charge of $69 million, followed by Fidelity & ARK Investment with $35.3 million and $13.1 million.

Ethereum's Pictra upgrade

While Bitcoin saw an overall increase of 5%, Ethereum, on the other hand, stole the spotlight with the Pictra upgrade, improving wallet access and increasing staking limits. This technical leap pushed Ethereum to over $2220.