Bitcoin Price Surge: Nears $100,000 Mark Post Breakthrough Of 10-Week High
Bitcoin (BTC) is approaching the $100,000 mark after a rally, reaching a weekly high of $97,483, the highest since February. This resurgence follows a decline to $74,000 due to market pressures from Donald Trump's tariff policies. The cryptocurrency has seen over $3.2 billion in inflows into exchange-traded funds (ETFs), with BlackRock’s Bitcoin Trust ETF attracting nearly $1.5 billion. Market dynamics are shifting towards momentum trading driven by increased spot demand rather than macroeconomic factors. Ethereum (ETH) is also recovering, with a 14% increase over two weeks, regaining the $1,800 level, although it remains down 36% year-to-date. Improvements from Ethereum's scalability upgrades have enhanced its appeal in the decentralized finance sector.
