Why is the crypto market up today?
Cryptocurrency markets are experiencing a broad-based rally today, Bitcoin is currently trading around $109,413, up 3.76% on the day, while Ethereum hovers near $2,675, posting a strong 7.6% daily gain. Altcoins like Solana ($158, +5.3%) and XRP ($0.64, +2.3%) are also climbing steadily, signaling broad participation across the digital asset space.
As Bitcoin breaks above key resistance levels, analysts suggest the market may be entering a new bullish phase – one shaped by growing institutional participation and shifting global sentiment.
Institutional Capital Returns
One of the clearest catalysts behind today’s gains is the resurgence of institutional capital into crypto markets.
According to Reuters, assets under management in…
