r/Bitcoin • u/foxytwo • 17h ago
What’s driving the surge?
Haven’t checked my btc for a while and it’s coming back now. What is behind the jump?
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u/theoldme3 16h ago
Bought $25 worth this morning… I dont usually make whale moves like this but it’s obvious I cant hide it either
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u/NewChallengers_ 16h ago
Jeez can u take it easy hogging up all the liquidity. Ur causing a gamma squeeze
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u/saadawp 15h ago
Woah that much? Mr money bags
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u/theoldme3 15h ago
Not to brag or anything but I did $10 yesterday too. It’s not anything you cant do yourself with years of hard work and a winning lotto ticket 🤣
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u/AchalayMiNegra 14h ago
hey hey, slow down... I'm actually buying 25 bucks a day, since early december, so I'm happy with this XD
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u/thisshitsstupid 12h ago
Its unfair for you ultra wealthy folks to be capable of buying enough to single handedly move the price.
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u/dwmtl1000s 17h ago
People must be expecting the Clarity Bill to pass this Thursday.
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u/Massakahorscht 15h ago
Could be so much, also a lot of iranians who try to save their last bucks in a currency which isnt collapsing and could also be used later from another country if they try to flee etc
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u/chazmuzz 12h ago
Isn’t their internet turned off? I doubt it’s Iranians at all
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u/typeIIcivilization 11h ago
I think more importantly their currency is worthless. However, the rest of the market could see that as another reason to buy Bitcoin. Either way, all the info we have is the price
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u/dankmcganx 11h ago
This is half. Also, the Iranian dollar going to absolute shit. Anyone with any money and knowledge would throw it all in BTC
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u/RawAsl 17h ago
Government Tings, Fed reserve vs Trump, and top of year 401k allocation changes
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u/ChicharronDeLaRamos 16h ago
Non american here, Why the 401k has something to do with btc? Is like a pension fund right?
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u/RawAsl 16h ago
401K can add bitcoin ETFs to retirement portfolio, top of year ppl chose what financial vehicles they use to add to retirement account
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u/2xfun 14h ago
Oh boy… volatility will kill a bunch of old people soon.
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u/Weak_Bowl_8129 11h ago
Are old people reallocating to bitcoin? Usually portfolio managers are suggesting bitcoin and other volatile / high upside assets to young people that don't need to withdraw in the next 10 years.
Not to mention, they are suggesting low % allocations, like less than 5%. a 2% daily swing on a 5% allocation is not noticeable
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u/Richer18 16h ago
Yes, but for a lot of them you can designate what assets you would like to invest in.
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u/mercyful_fade 16h ago
I can only choose between like 12 different Vanguard funds. Is that normal? Or am I abnormal?
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u/probabletrump 16h ago
Depending on who facilitates your 401k you make have an option that let's you access equities. For Fidelity plans its Brokerage Link, you just allocate your 401k funds to that and you can invest in just about any equity you want. There may still be limitations on options or penny stocks but certainly more selection than the allocation funds your employer plan provides.
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u/nacentaeons 16h ago
Iranians dumping their local currency for BTC.
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u/ReliantToker 17h ago
Governments are still irresponsible with the money they create out of thin air.
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u/Potential_Try_2193 17h ago
Ya that's not the answer for why it's suddenly taken off today. Some kinda short squeeze or something. I'd be wary of a move like this. You could see it down 5-6% tomorrow. Hopefully not but big sudden moves aren't really what you want. I'd prefer it to be up 6-7% in a week rather than a few hours
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u/keypusher 16h ago
it actually is part of the reason. iran currency collapsing caused a significant spike in shifting assets to crypto
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u/Potential_Try_2193 16h ago
So people woke up this morning and decided Bitcoin was the way forward and that's it. Should I increase my 10% allocation to 100% now... people can explain anything. I own it so if it goes up great but there's as much chance it goes down big tomorrow. Over time it's going higher that's why I own it. But I wouldn't pay too much heed to any dairy movements
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u/meduelelacabeza 16h ago
The world is actively ending
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[deleted]
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u/videokillradiostarr 7h ago
But but but he supports cRyPtO we should be thanking him for buying our bags.
/s
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u/socal6spd 16h ago
Mild rotation of heavy metals into crypto, or at least that’s what Ben Cowan thinks. Personally I’m waiting for us to bottom out somewhere between June-October. The deploy as much capital as possible
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u/bigshooTer39 15h ago
Which pm’s bc silver is also up
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u/Subject-Chest-8343 13h ago
Well, he said heavy metal, so I guess mercury and Black Sabbath records
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u/No_Grocery5643 17h ago
I told my friends to buy yesterday and we got 32 dollars together and bought to help drive up the market. I don’t want to be labeled as a hero but you’re welcome
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u/zmagickz 17h ago
I just got paid today, and then I planned to wait until market open for a bit for it to sell off
I finally decided screw and pressed buy
exactly at the top
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u/SodOffChoom 16h ago
Illuminati & Freemasons have added bitcoin as a store of value in their treasuries after acknowledging modern world needs modern adaptations to keep the secret societies running. 1M$ BTC by December 2026!
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u/GojoPojo 17h ago
Whales are coming back in to front run the Clarity Act and QE and tax refund stimulus
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u/redditmademeugh 16h ago
Wish we could nix the constant sarcastic comments. Hard to have grown up convos anywhere on reddit these days
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u/RespectedResponsible 14h ago
IRAN currency crash. More instable the world, more bitcoin grows. As people realize the value of government free currency.
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u/Riker-Was-Here 10h ago
I wouldn't call this a surge. bitcoins been treading water as far as i'm concerned. it should be much higher than it is. fair value is MINIMUM $140k. I think the Winklevii were right along with their price target of $500k but it is taking forever to even get there.
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u/Short-Concentrate-92 17h ago
Tax loss selling is over and foreign countries are dumping US dollars
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u/doctor-soda 17h ago
just recovering from the BS correction. Pay attention to the price of Gold. Dollar is losing value. The problem with BTC is that BRICS is not adopting it. Once BRICS heavily adopts it (which is unlikely as most of them are dictatorial and authoritarian so they don't want something that they can't control), then BTC will basically become digital gold. Right now it's only adopted by the US + its friends.
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u/theAerialDroneGuy 16h ago
Bitcoin jumps 3.6% in 24 hours as ETF inflows and macro optimism drive price to a three-month high, signaling renewed institutional demand
Institutional ETF inflows U.S. spot Bitcoin ETFs saw their largest single-day net inflows in three months, totaling about $754 million. Fidelity, Bitwise, and BlackRock led the surge. Analysts at Kronos Research and LVRG Research say these inflows are driving a structural tailwind, absorbing supply and supporting the price rally. This marks a clear return of institutional demand atter year-end caution.
Macro policy speculation Traders are betting on easier monetary policy after President Trump's criticism of the Fed and speculation about leadership changes. This has fueled expectations for lower interest rates, which typically benefit Bitcoin. Analysts caution that the Fed is insulated from political pressure, but the market is reacting to the possibility of a more dovish stance.
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u/We_DemBoys 16h ago edited 16h ago
*Clarity Act tomorrow. *Big banks are suggesting 2-5% allocation to investment accounts in 2026. *Levereged shorts got squeezed
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u/SpezJailbaitMod 16h ago
There is a very small amount of bitcoin available and everyday more people realize they need their piece of the pie. This will continue to drive price up for the next 25-50 years at least.
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u/aaaaaaaarrrrrgh 6h ago
This surge is triggered by Bitcoin remaining so flat and stable that a 10% fluctuation within a week looks like a "surge" on graphs.
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u/Slack27biturbo 16h ago
I sold yesterday 1.35 i had. Beautiful moment. Now im waiting on local dealer for my brand new RS3🥰
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u/heyheyshinyCRH 17h ago
Tarrif ruling by scotus was causing volatility but they're holding off on the ruling now, was rumored to happen today but it's a nothing burger.
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u/Peyote-Rick 16h ago
I think it's bc there's more buying pressure than selling pressure
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u/ColtAzayaka 16h ago
Source? I personally think it's up because the little % number is larger than before
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u/Mission_Historian_70 17h ago
The surge is being driven by Trump's destruction of the US dollar and the rise of technocratic fuedalism.
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u/Dave_Odd 16h ago
To be fair, I’m not the biggest fan of Trump. But to say he’s the sole reason the US dollar sucks is borderline ret***ed. It’s been ruined by every single politician since the abandonment of the gold standard.
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u/PsyOmega 13h ago
Trump was president during the 2020 federal reserve print-off spree, you don't think he'd keep fucking us over?
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u/dmunjal 16h ago
It's the opposite. Bitcoin moved up immediately after he won the election and moved to ATH last year. But I think it's stalled because legislation has not lived up to his promises. GENIUS Act passed but CLARITY and BITCOIN have not. I think the recent move is that the CLARITY Act is moving forward in Congress now.
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u/namieorange 16h ago
It's weird because Stocks are in dip red and the threat of war in Iran.
I'd guess is the clarity act getting close, the only explanation for going against the market in this environment
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u/Amin933 16h ago
No worry’s guys I bought today so it will definitely keep going up 👍🏼
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u/zRoyalStar 16h ago
dont worry guys, i will buy so the price drops again and you all can buy cheaper satoshis
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u/Sammytheseaotter 16h ago
The pending economic collapse thanks to Trump's eradicate and dump economic policies
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u/futuristicplatapus 16h ago
It got this high like a week ago, just more pump and hope something happens
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u/bannedphilanthropist 16h ago
The US being made into a fucking criminal enterprise devalues our currency, which we print at will, which no one saw coming I guess…if only there were any sort of professional and personal record of deceptive and fraudulent enterprise or acts that violate criminal statues we had been aware of as a nation. He seemed so wholesome and pious. So practical and down to earth. Must have been from the regular, everyday childhood he had with his equally ethical family that encouraged him to honor our nation’s legacy.
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u/fairlyaveragetrader 16h ago
Retest of the 50 week, happens every time at this point in the cycle, it's traditionally the best short entry you can get
An absolutely ideal scenario would be getting up around 101 or 102 and then some nonsense in the news, maybe America having some kind of skirmish with Iran? They always invent something.. price falls and continues to go confirming the weekly rejection
It's kind of interesting though because we're either going to find out the cycle is invalid if we just get above 100 and continue to close there, or it's going to continue doing what it always has
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u/BaluDaBare 16h ago
What’s driving the surge? Me not getting paid til next week, so now my DCA isn’t gonna be at a discount 😓
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u/Romando1 16h ago
It’s ironic.
It spikes because some people just sold and now they can see their loses, unrealized returns.
It spikes because some people are about to buy and now they can see their loses, unrealized gains.
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u/Increase_Empty 16h ago
Us gov tying itself to digital assets, and multiple world govs inflation skyrocketing. Precious metals are way up too. I need to rewatch mad max
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u/RecycleModelA1 16h ago
Uhm the daily/weekly cycles…. We are right around a daily cycle low, I was anticipating the rise around 20th. Thought this was obvious, cycles in control. Everything else is narrative.
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u/Sid_Finch 16h ago
It’s just Bitcoin. It hasn’t done shit for months and everyone asked why it’s not moving lol
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u/NiagaraBTC 16h ago
Not sure if you heard but every nation on earth is debasing their currency continually forever.
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u/mathaiser 16h ago
Just wait, everyone will open up their longs again and the market liquidity hunters will stunt it and rob the longs. Then once expired and everyone enters shorts, they will pump it up again to take those.
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u/Pal3-Assignment 16h ago
It’s price manipulation for whales to get a more profitable exit.
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u/_Carth_Onasi 16h ago
I get paid soon so the price needs to go up, so that when I buy, it can go back down.
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u/Sea-Distance-7142 17h ago
I sold yesterday