Why Is Crypto Going Up Today: Is the Crypto Bull Run Just Started?

The global cryptocurrency market is experiencing an upward trend, with the total market capitalization reaching $2.69 trillion, reflecting a 1.15% increase over the last day. While the 24-hour market volume has seen a 24.01% decrease, Bitcoin’s dominance has slightly increased to 61.17%. This movement raises the question: why is crypto going up today?

Why is Crypto Up Today? What’s Driving the Market Surge

1. US CPI Data and Inflation Trends

The US Consumer Price Index (CPI) data for March 2025 is set to be released today at 12:30 GMT, significantly impacting investor sentiment. Analysts expect the annual CPI inflation rate to drop from 3.0% in January to 2.9% in February , with core CPI inflation declining to 3.2% from 3.3% . A cooler-than-expected inflation report could encourage the Federal Reserve to cut interest rates , weakening the US dollar and making crypto investments more attractive.

• Market participants anticipate an 85 basis point rate cut from the Fed this year, further increasing liquidity in financial markets.

• Lower inflation means less pressure on interest rates, making assets like Bitcoin and altcoins more favorable.

Moreover, the US PPI data is set to be released on March 13 at 12:30 GMT. This anticipation is a major factor in why the crypto market is going up as investors bet on looser monetary policies.

2. Bitcoin Recovery and Rising Investor Confidence

After a sharp drop on March 11, Bitcoin rebounded, now trading at $82,767.64 following a 1.10% intraday surge. The price is forming higher lows within a rising wedge pattern, signaling a potential 8% breakout. Crypto analyst Ali Martinez suggests that if Bitcoin surpasses $84,000, it could rally to $89,000-$90,000. This bullish momentum has fueled market optimism, contributing to Bitcoin’s rise today.

Source: X

Traders are closely watching resistance levels, as breaking past $84,000 could trigger further gains. The overall sentiment remains positive, driven by technical patterns and investor confidence in Bitcoin’s ongoing uptrend.

3. Fear and Greed Index Shows Market Recovery

The Fear and Greed Index has shifted from Extreme Fear (24) yesterday to Fear (34) today . Historically, extreme fear often signals buying opportunities , and investors are acting accordingly. With the index improving, confidence is returning, contributing to the overall crypto market uptrend .

Will Crypto Crash Again? Concerns Over Market Stability

While the market is surging, uncertainties remain regarding whether the crypto market will crash again .

Trump Tariffs and Economic Uncertainty

According to The Kobeissi Letter, the US recently walked back plans to double tariffs on Canadian steel and aluminum but still imposed a 25% tariff . Trade tensions could affect the broader economy and market sentiment, impacting risk assets like cryptocurrencies.

XRP ETF Delay and Regulatory Uncertainty

The XRP SEC news is causing concern among investors. The XRP ETF announcement has been delayed, with the SEC postponing decisions on ETFs for XRP, Dogecoin, Litecoin, and Solana .

• Franklin Templeton’s application for an XRP ETF has increased optimism, but approval isn’t expected until 2025 .

• Analysts predict a 65% chance of XRP ETF approval next year, but regulatory delays continue to raise questions on will crypto crash again due to uncertainty.

Final Thoughts

The crypto market is seeing short-term gains fueled by US CPI data expectations, Bitcoin’s recovery, and improved investor confidence . However, uncertainties around tariffs and regulatory decisions leave room for volatility. While the current trend is bullish, long-term stability will depend on macroeconomic policies and regulatory clarity.