Bitcoin (BTC) Price Surges to Seven-Week Highs as Institutional Money Flows Back

Bitcoin is back in the spotlight as it surges to a new seven-week high of $91,000. After struggling near $74,400 just a few weeks ago, the world's largest cryptocurrency has bounced back with an impressive 22% gain.

Bitcoin price today is back in the spotlight as it soars to a seven-week high of $91,000. After struggling near $74,400 just a few weeks ago, the world’s largest cryptocurrency has bounced back with an impressive 22% gain.

But this price jump isn’t just about Bitcoin, as Ethereum price today is also back in the green, now trading above $1,700 after a solid 5.5% rise in just 24 hours.

So, what’s behind this sudden price pump? Let’s break it down.

Institutional Money Is Flowing Back into Bitcoin

One of the biggest reasons behind Bitcoin’s jump is the return of institutional investors. U.S.-based Bitcoin ETFs saw their biggest daily inflow in the last few weeks, pulling in $381.3 million.

ARK’s Bitcoin ETF led the way with $116 million, followed by Fidelity’s fund with $87 million. This strong inflow shows that institutional players are optimistic about Bitcoin’s future.

Political Pressure on the Fed to Cut Rates

Another key factor is the political pressure being placed on the Federal Reserve to cut interest rates. President Donald Trump is pushing for lower rates, which could lead investors to seek out alternative assets like Bitcoin and Ethereum.

There are also reports that Trump could try to remove Fed Chair Jerome Powell, which is introducing some turbulence into traditional markets.

Dollar Weakness and Growing Liquidity

The U.S. Dollar Index (DXY) recently hit its lowest point since February 2022, dropping to around 98.77. A weaker dollar tends to boost crypto prices, especially when global liquidity is on the rise.

As more money flows through the system, digital assets like Bitcoin and Ethereum often benefit.

Bitcoin & Ethereum Price Outlook

As of now, Bitcoin is trading at $90,859, up 4%, with a market cap of nearly $1.8 trillion. However, crypto expert Ali Martinez notes that there are key resistance levels to watch out for, specifically in the range of $95,600 to $98,290.

If Bitcoin manages to break through these levels, then the door could open for a continuation of the bull run, potentially paving the way for a rally towards the $100K mark.

On the other hand, Ethereum is currently seen changing hands around $1,695, showing a noteworthy 5.5% surge in the past 24 hours.

According to Crypto Rover, two significant investors, often called “whales” in the crypto sphere, have just purchased a substantial 4,500 ETH, valued at $7.36 million.

This series of large-scale transactions highlights the strong trust that major investors have in Ethereum and its potential for future growth.