What’s driving the rise in Bitcoin, Ethereum, and Dogecoin prices?

crypthub

4 days ago

Crypto Prices Surge

Bitcoin touched $93,000 while Ethereum and Dogecoin also rose sharply. The rally follows heightened risk sentiment after U.S.–Venezuela tensions. Analysts note that risky assets are regaining momentum despite political fallout. Current prices sit near $92,400 for Bitcoin, with upward pressure continuing.

Drivers of the Rally

Liquidity expansion is a key catalyst, as M2 reached $22.4 trillion and the Fed’s reserve‑management purchases resemble QE. Growing U.S. debt encourages investors to hedge with crypto. The New York Fed’s repo actions further inject cash into markets, supporting higher valuations.

Market Momentum

Institutional demand resurfaces, with Bitcoin ETFs logging a $471 million net inflow on Jan 2, the biggest since mid‑December. The Coinbase premium is recovering and large sell walls on Binance are weakening. Analysts expect little resistance above $95,000, opening a path toward the $100,000 psychological level.