Why Crypto Prices Are Rising —
Bitcoin and Ethereum led a fresh market rally, with BTC briefly hitting $96K and ETH jumping above $3.3K. The move started with majors, then flowed into select altcoins.
What’s driving it?
• Institutional buying is back
U.S. spot Bitcoin ETFs pulled in $753M in a single day, led by BlackRock and Fidelity. Add MicroStrategy’s $1.25B BTC purchase, and exchange supply keeps shrinking — a strong price support.
• Technical breakout
Bitcoin cleared $95K, triggering over $220M in short liquidations. Momentum flipped bullish, pushing prices higher.
• Rate cut optimism
U.S. CPI data showed softer core inflation (2.6%), reviving hopes for Fed rate cuts. Lower rates favor risk assets like crypto and tech.
• Ethereum’s real growth
ETH isn’t just following BTC. Daily new wallets crossed 327K, boosted by December’s Fusaka upgrade, which lowered fees and improved Layer-2 activity.
Bottom line:
Strong ETF inflows, a key BTC breakout, easing inflation pressure, and real Ethereum network growth combined to spark the rally.
