The crypto market has been surging since yesterday, with Bitcoin approaching $100,000 and Ethereum surpassing $1,965.#TradeStories #
Why this sudden rise?
Several key factors explain the upward momentum:
U.S. Strategic Bitcoin Reserve: President Donald Trump signed an executive order to create a strategic Bitcoin reserve using confiscated BTC, positioning the U.S. as a digital asset leader.
Eased Trade Tensions: The temporary suspension of tariffs on Canadian and Mexican auto imports has reduced market stress, boosting risk appetite.
Massive ETF Inflows: Bitcoin ETFs, especially BlackRock’s, saw over $25 billion in inflows, signaling strong institutional interest.
Regulatory Easing: The repeal of SEC rule SAB 121 now allows companies to hold digital assets more freely, restoring investor confidence.