Crypto News: Why Is Crypto Going Up, BTC Rallying Toward a New ATH?

The global crypto market is experiencing a bullish trend, with the total market cap reaching $2.74 trillion, reflecting a 1.30% increase in the last 24 hours. Despite the 14.01% decrease in total trading volume, the crypto market continues to rise.

Bitcoin remains the dominant force, holding a 60.71% market share, though it saw a slight drop of 0.23%. Major cryptocurrencies, including Ethereum, Solana, and XRP, are also witnessing notable gains.

Why is Crypto Going Up This Week?

Gold Hits a New All-Time High

A significant factor behind the crypto today rally is the surge in gold price today, which has reached an all-time high of $3,000 per ounce. Bitcoin is often called 'digital gold,' and this rally has increased speculation of a sharp Bitcoin rebound.

Bitcoin recently broke out from an ascending triangle pattern, surpassing the $84,000 resistance level and is currently trading at $83,896.74, up 1.05%. Crypto analyst Ali Martinez predicts that Bitcoin is headed toward $90,000 as long as the $84,000 support holds. If Bitcoin maintains this trajectory, a new all-time high could be within reach.

Source: Ali Charts

Stock Market Going Deep Green

The stock market news is equally promising, with major U.S. indices—the S&P 500, NASDAQ, and Dow Jones—rebounding by nearly 2% after a decline earlier this week. A positive correlation between stocks and crypto is fueling optimism in the market.

Source: The Kobeissi Letter

The crypto market is further supported by the increasing momentum in traditional markets. Following Donald Trump’s second inauguration, the U.S. stock market gained $1.3 trillion in value, strengthening investor confidence in digital assets.

Fear and Greed Index Crypto Shifts

The crypto Fear and Greed Index has risen from 27 (Fear) to 46 (Neutral) in a day, showing improving market sentiment. Investors are gaining confidence as fear diminishes. This shift suggests potential buying opportunities, as extreme fear often signals market undervaluation, while reduced fear indicates renewed optimism in crypto investments.

Altcoin Season Start or a Crypto Market Crash Ahead?

The crypto market update reveals that alongside Bitcoin’s bullish run, major altcoins are also experiencing strong gains.

• Bitcoin (BTC) - $83,896.74, up 1.05% with a $1.66T market cap.
• Ethereum (ETH) - $1,927.80, up 1.46%, $232.46B market cap.
• Solana Price (SOL) - $132.82, up 5.45%.
• XRP - $2.40, up 3.67%.

Crypto analyst Crypto Rover highlights a striking similarity between Bitcoin’s 2025 price action and 2020’s bull run. Historically, Bitcoin has followed a pattern of strong rallies, consolidation, and breakouts. If this trend continues, Bitcoin could reach $130,000 in 2025.

Source: Crypto Rover

However, uncertainties remain. Delays in ETF approvals and upcoming FOMC meetings could impact investor confidence. While altcoins show promising signs, a sudden crypto market crash cannot be ruled out if macroeconomic conditions shift.

The market remains volatile, but for now, crypto today is seeing a strong uptrend, supported by stock market gains, rising gold prices, and improved market sentiment.Visit- CoinGabbar