3 Reasons Why Bitcoin and Gold Prices Are Going Up
The post 3 Reasons Why Bitcoin and Gold Prices Are Going Up appeared on BitcoinEthereumNews.com.
Bitcoin and gold prices are picking up upside momentum amid fresh tailwinds and easing market selloffs. Investors and whales are buying the dip since BTC dropped to $60,000, but experts caution about potential liquidations due to major US macroeconomic events this week. Bitcoin and Gold Prices Rise After Prime Minister Sanae Takaichi’s Win Japan’s Nikkei 225 Index surges over 5% on Monday after Prime Minister Sanae Takaichi’s Liberal Democratic Party (LDP) secured a two-thirds supermajority in a snap election. This is the first time since World War II that a Japanese political party has won more than two-thirds of the seats, The NYT reported. The yen weakens against the US dollar following PM Takaichi’s landslide election victory. USD/Yen dropped 0.38% to 156.62, easing Yen carry trade unwind risks. Meanwhile, the US dollar index (DXY) also slipped lower to 97.5 ahead of this week’s Non-farm payrolls and CPI inflation data. Gold prices rose above $5000 and Bitcoin price jumps reclaimed $72,000 after PM Sanae Takaichi’s LDP party won. I am sincerely grateful to President Donald J. Trump for his warm words.I look forward to visiting the White House this spring and to continuing our work together to further strengthen the Japan–U.S. Alliance.Our Alliance and friendship with the United States of America are… pic.twitter.com/W0pZSvohvx — 高市早苗 (@takaichi_sanae) February 9, 2026 Coinbase Premium Index Rebounds Bitcoin price jumped after a tech-driven broader market pullback due to fresh AI investments gradually subsiding. Meanwhile, President Donald Trump reiterates his 100,000 target for the Dow Jones Industrial Average, prompting US stock market futures to open higher today. The broader positive sentiment caused the Coinbase Premium Index to make a sharp vertical rebound. This marks the first rise after nearly 2 months, indicating spot buying by US investors and whales. Bitcoin Coinbase Premium Index Meanwhile, markets are…
Filed under: News - @ February 9, 2026 6:29 am