Bitcoin and Crypto Surge: What’s Fueling Today’s Rally?

Digital assets are pumping again—BTC smashes through resistance levels while altcoins ride the momentum. Here’s what’s driving the frenzy.

Institutional FOMO hits overdrive

BlackRock’s updated BTC ETF filings sparked the move, with TradFi giants finally realizing they’re late to the party. Pension funds are now scrambling for exposure like tourists buying umbrellas in a downpour.

Macro tides turning

The Fed’s dovish pivot sent risk assets soaring—because nothing says ’healthy economy’ like traders cheering potential rate cuts while ignoring the reasons they’re needed.

On-chain data reveals whales feeding

Large holders accumulated during the dip, proving once again that crypto’s ’decentralized’ ethos still bows to big money. Retail traders follow the smart money—until the inevitable rug pull.

This rally’s got legs... or at least until the next ’unforeseen’ regulatory crackdown or exchange implosion. Enjoy the green candles while they last.

Bitcoin and crypto prices rose after Binance acquired Deribit

The rally also rose after Coinbase, the biggest cryptocurrency exchange in the US, acquired Deribit, a leading player in the options and futures market in a $2.9 billion deal. This purchase will help it become a major player in an industry that handles billions of dollars a day. In an emailed note to crypto.news, Spencer Young, the co-founder of Fractal Bitcoi, said:

“Global derivatives trading is a key driver of growth for Coinbase. Deribit is the platform of choice for global traders for Bitcoin and ethereum options. Their platform has a strong operating history and is the only major independent company with similar DNA to Coinbase. They’ve not launched a token and have an AUM of $4B.”

The rally was further supported by continued institutional buying. Spot bitcoin ETFs added $142 million in assets on Wednesday, bringing weekly inflows to $482 million. Year-to-date, these funds have accumulated more than $5.7 billion in net inflows.