Why Bitcoin Is Rising: What’s Behind the $BTC Surge

Why is Bitcoin Price Going Up Today: What’s Fueling the $BTC Rally

Bitcoin Breaks $100,000 Barrier, Peaks at $103,620

Bitcoin has achieved a historic milestone, surpassing $100,000 for the first time and peaked at $103,620. Over the last three days, Bitcoin has added 8.20%, including a 6.20% surge today.

The Fear and Greed Index, recorded at 84 this morning, indicates that the market remains in a buying phase, sustaining the bullish momentum.

Trump’s Pro-Crypto Policies Fuel Market Optimism

The ongoing rally is driven by optimistic market sentiment, largely due to policy shifts anticipated under Donald Trump’s presidency. Trump has pledged to make the United States the “crypto capital of the planet” and proposed a national Bitcoin reserve. These bold initiatives signal a strategic shift toward embracing digital assets, sparking investor confidence.

Spot Bitcoin ETFs Record Massive Inflows

U.S. spot Bitcoin ETFs have experienced a remarkable five-day streak of inflows, accumulating over $2 billion in total. On Dec. 4 alone, 12 Bitcoin ETFs collectively attracted $556.82 million. BlackRock’s iShares Bitcoin Trust (IBIT) has been a key driver, reaching $50 billion in assets under management in just 228 days—a record-breaking achievement. With $1.6 billion in inflows this week, institutional confidence in Bitcoin is growing rapidly.

Bitcoin Halving Tightens Supply, Boosting Prices

The recent Bitcoin halving in April has reduced the supply of new coins entering the market, contributing to the cryptocurrency's price surge. In 2023 alone, spot Bitcoin ETFs in the U.S. have garnered over $31 billion in net inflows, showcasing robust investor interest.

SEC Leadership Change Sparks Industry Optimism

Bitcoin’s rally received an additional boost from the appointment of Paul Atkins as the new chair of the U.S. SEC. Known for his pro-crypto stance, Atkins is expected to bring clarity to regulations, a sharp departure from his predecessor Gary Gensler’s strict policies. Ripple CEO Brad Garlinghouse and others view this as a pivotal moment for the crypto industry.

Nation-States Eye Strategic Bitcoin Reserves

Inspired by El Salvador’s ongoing Bitcoin accumulation strategy, other countries are exploring similar initiatives. Russian President Vladimir Putin recently expressed optimism about Bitcoin’s future, while Dennis Porter, CEO of Satoshi Action Fund, hinted at more U.S. states and nations adopting strategic Bitcoin reserves under Trump’s administration.

Bitcoin Hits $2 Trillion Market Cap

Bitcoin’s market cap has surpassed $2 trillion, rivaling tech giants like Alphabet and Amazon. Futures markets are also surging, with long positions and funding rates up by 81%. Daily trading volumes have exceeded $100 billion, signaling strong market activity. Analysts predict Bitcoin could climb to $120,000 by the end of the year, marking another milestone in its historic rally.

Bitcoin crosses $100,000, fueled by ETF inflows, pro-crypto policies, and institutional adoption. Learn about BTC's rally, milestones, and future outlook.