Bitcoin (BTC) Price Surges to New All-Time High Above $87,000, Setting a New Milestone in the Crypto Market

Bitcoin has surged to over $87,000 today, continuing its remarkable upward trajectory and setting a new milestone in the crypto market.

Bitcoin (BTC) price today surged above $87,000 as it continued its remarkable upward trajectory, setting a new milestone in the crypto market. This comes after a brief dip below $82,000 last week. The world’s leading cryptocurrency is back on track, driven by a combination of macroeconomic uncertainties, a weakening U.S. dollar, and increasing institutional demand.

Bitcoin’s Strong Surge: What’s Driving the Price Higher?

The Bitcoin price has been gaining significant momentum, driven by several key factors:

Weaker U.S. Dollar: The U.S. dollar index dropped sharply after President Donald Trump escalated his criticism of the Federal Reserve and hinted at a potential shake-up in the leadership at the Fed. This sparked concerns among investors about the stability of U.S. monetary policy. Consequently, investors turned to Bitcoin and gold as premier inflation hedges, sending both assets soaring. In contrast, the Japanese yen strengthened against the dollar, further highlighting the market’s flight from traditional fiat currencies.

Institutional Inflows and ETF Demand: Bitcoin’s recent rise is also supported by a flood of institutional interest. According to Ark Invest and BlackRock, over $230 million flowed into spot Bitcoin ETFs last week, signaling growing confidence in digital assets from large investors.

Moreover, Japanese investment firm Metaplanet purchased another 330 BTC, adding to its growing crypto portfolio and bringing its total Bitcoin holdings to nearly 5,000 BTC. This ongoing institutional demand is helping stabilize Bitcoin’s price and provide a solid foundation for further growth.

Technical Breakout and Bullish Indicators: Bitcoin’s technical outlook has also strengthened. The cryptocurrency recently broke through a crucial resistance zone between $85,000 and $86,300, signaling further bullish potential. A golden cross—a pattern where the 50-day moving average crosses above the 200-day moving average—has formed on the daily chart.

Historically, this is a bullish signal for long-term investors, adding to the growing optimism surrounding the crypto market. A golden cross is a technical indicator used in technical analysis to identify a potential shift in momentum. It occurs when a short-term moving average crosses above a long-term moving average.

Trump Administration’s Role in Bitcoin Integration: Adding to the bullish sentiment, the Trump administration has been making moves towards incorporating Bitcoin into the national economic framework. The announcement of a U.S. Strategic Bitcoin Reserve has positioned Bitcoin as an important part of the broader financial strategy, marking a significant step towards mainstream adoption.

Although still in its early stages, this development is viewed positively by crypto supporters and investors. However, it’s worth noting that the U.S. government has not yet made any significant purchases of Bitcoin for this reserve.

What’s Next for Bitcoin?: As Bitcoin continues to climb, many analysts are eyeing the $90,000 level as the next major target. If Bitcoin successfully clears this psychological barrier, prices could surge towards $92,000 or beyond. The bullish sentiment remains strong, particularly with the ongoing weakness of the U.S. dollar and increasing demand for alternative assets like Bitcoin.

However, risks remain. A shift in macroeconomic conditions—particularly if inflation accelerates or the Federal Reserve takes a more aggressive stance—could challenge Bitcoin’s upward momentum. But for now, Bitcoin is being treated as a macro asset by investors, responding not only to the weak dollar but also to geopolitical volatility.

Bitcoin’s Market Performance: Key Metrics

* Current Bitcoin price: $86,600

* BTC price drop from 24-hour high: 0.9%

* Bitcoin price change in last seven days: +13.5%

* Total cryptocurrency market cap: $3.57 trillion

* U.S. equities futures fell on Monday after a broad rally in the previous session.

* World’s leading cryptocurrency dropped slightly on Monday after a sharp rise in the previous week.

Bitcoin dropped slightly on Monday as U.S. equities futures slid after a broad rally in the previous session.

After a strong run-up, sparked by macroeconomic uncertainties, a weakening U.S. dollar, and increasing institutional demand for Bitcoin, market participants observed a slight pullback in the world’s leading cryptocurrency from the recent highs.

Despite this minor dip, Bitcoin is still poised for further gains in the coming months, according to several analysts. They believe that the cryptocurrency has potential to rally towards $90,000, the next major price target.

Bitcoin price dropped by 0.9% in the past 24 hours to $86,346. Meanwhile, the cryptocurrency market cap fell below the $3.5 trillion mark.

Bitcoin price analysis: Bounces back from crucial support level

The world’s leading cryptocurrency dropped slightly on Monday after U.S. equities futures