$BTC Bitcoin (BTC) rallied past $104K on Tuesday, coming just shy of the $105,000 mark before a modest pullback. At the time of writing, BTC $BTC was up 2.4% in the past 24 hours, trading around $104,400.
What’s Fueling the Surge?
Coinbase stock surged 24% following news it will be added to the S&P 500—a major milestone in crypto’s mainstream adoption.
April’s CPI data came in cooler than expected, easing inflation concerns and lifting market sentiment.
Former U.S. President Donald Trump added bullish momentum, telling investors in Riyadh that markets “could go a lot higher.”
Ethereum (ETH)$ETH outperformed BTC, jumping over 9% to reclaim the $2,700 level. Broader altcoin strength followed, with governance tokens from Eigenlayer and EtherFi (ETHFI) spiking 20–30% in daily gains.
Analyst Insights:
LMAX Group strategist Joel Kruger pointed to growing institutional interest as a long-term tailwind. Wincent’s Paul Howard noted institutions will remain selective when allocating to altcoins.
Bitfinex analysts flagged $106K as key BTC resistance, suggesting short-term consolidation before the next potential breakout.
