Bitcoin's Big Move: What's Driving the Crypto Surge?

Bitcoin has made a strong comeback, reaching $88, 000 this week. This isn't just a small bump; it's a significant recovery after a tough period. In the last 24 hours alone, over 122, 000 traders faced losses totaling $311. 65 million. That's a lot of money changing hands in a short time! Other cryptocurrencies are also making waves. Ethereum is eyeing the $3, 000 mark, while XRP and Dogecoin are seeing gains. This surge comes as Grayscale launches a new ETF, which is like a basket of investments that tracks the performance of certain assets. But it's not all smooth sailing. Experts have different views on where Bitcoin is headed. Some think it's forming a strong base and could push higher, while others believe a quick rebound is unlikely. The key level to watch is $100, 000. If Bitcoin can reclaim that, it might continue its upward trend. Meanwhile, other cryptocurrencies like Pump. fun, SPX6900, and Sui are also seeing gains. This shows that the entire crypto market is active, not just the big names like Bitcoin and Ethereum.