$BTC

Today's Bitcoin (BTC) pump appears to be driven by a combination of macro and crypto-specific catalysts. Here’s a quick breakdown of the key factors:

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1. Weakening USD Sentiment

Trump’s recent clash with Fed Chair Jerome Powell and political uncertainty are pushing investors toward hedges like BTC. A weakening dollar often drives capital into Bitcoin as a store of value.

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2. Rebound Momentum

BTC bounced hard off the ~$85K zone, a key support level, and surged to over $87.5K. This is reinforcing bullish sentiment that the correction phase may be over — at least short-term.

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3. Options & Futures Surge

There’s been a massive spike in open interest ($3.1B added), suggesting that traders are heavily speculating on further upside. Derivatives often amplify spot movements — today's pump reflects that.

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4. ETH ETF Hype Spillover

While Ethereum is rallying on ETF speculation and whale activity, some of that bullishness is spilling over into BTC. Risk-on behavior across the crypto market is a good sign for Bitcoin bulls.

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5. Technicals

The RSI is sitting around 65 — not yet overbought. BTC breaking above the short-term downtrend from the recent $73K high is another bullish technical signal.

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TL;DR

BTC's pump today is a mix of macro fear (USD/inflation), technical bounce, and market positioning. If it holds above $87K, we could see attempts at reclaiming $90K+ in the coming days.

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