The crypto market is heating up again. Today, Bitcoin finally broke past the $100,000 mark, and Ethereum pushed over $2,000. It’s a big moment, especially since both coins have struggled to hold gains in recent months. But is this another short-lived pump, or the start of something bigger?
Let’s break down what’s going on.
What you'll learn 👉
Bitcoin Breaks $100K Again
Bitcoin crossing $100,000 is a big thing. It’s not the first time, but this time the move looks strong. The Bitcoin price has climbed steadily in recent weeks, but today’s jump is tied to a mix of good news and strong momentum.
One of the main reasons is global politics. The U.S. and U.K. recently reached a new trade agreement, and talks with China are scheduled to begin in Switzerland. This is calming some of the fears around global trade, and markets are responding positively – including crypto.
Another reason for Bitcoin’s rise is the flood of money coming in from big institutions. In the past week alone, over $1.8 billion has been poured into spot Bitcoin ETFs. That’s a big deal. It shows that large investors aren’t just testing the waters anymore. They’re diving in.
We’re also seeing more U.S. states embrace crypto. Arizona, for example, proposed a new crypto reserve fund. Moves like this give Bitcoin more legitimacy and help support the idea that it’s becoming a real part of the financial system.
Ethereum Pushes Over $2K
Ethereum also had a strong day. The price jumped above $2,000 for the first time since March. While Bitcoin is grabbing the headlines, Ethereum’s move is just as important.
One reason for the price spike is BlackRock. The world’s largest asset manager recently bought $20 million worth of ETH. That kind of move always catches attention. It’s a clear sign that major players are starting to take Ethereum seriously again.
NEWS: BlackRock buys 10,955 ETH, investing $20.1 million into Ethereum.
— corvo bianco (@crystalcorvo) May 5, 2025
BlackRock already has $74M in ETH in its portfolio.$ETH at $1,842.94– that's “cheap” to them.
What do they know – and what do we not know?
Let's break it down below, without fuss or emotion 👇 pic.twitter.com/YTknYaFTs9
There’s also technical strength behind the move. Analysts have pointed out a bullish pattern on Ethereum’s chart and say the current setup could support further gains. Plus, new projects are launching across the Ethereum ecosystem and the total value locked in its DeFi apps keeps growing.
Read also: Pi Network Announces Mysterious Announcement for May 14 – Here’s What It Could Be
Is This Just Another Fakeout?
Here’s the part where we take a step back. If you’ve been watching the crypto market closely, you’ll know that we’ve seen pumps like this before. Back in March and again in April, both Bitcoin and Ethereum saw strong rallies – but neither lasted. The market either went flat or dropped soon after.
So, is this time different?
It’s too early to say for sure. The signs look more promising this time, especially with institutional money involved and a bit of macroeconomic relief in the air. But we’ll need to watch how things play out over the next few days. If prices hold or continue rising, it could mark the start of a real bull run. If not, it might just be another short-lived breakout.
Bitcoin over $100k and Ethereum above $2k are big psychological milestones. They bring back excitement to a market that’s been shaky for months. With institutions buying in and some positive global news, the timing feels right for a bigger move. But as always in crypto, nothing is guaranteed. Let’s see what happens next.
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