The post Bitcoin Hits $99K in Bull Run. Why Is Crypto Going Up Today, and Should You Buy New Crypto? appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin just surpassed the $99K price point as a new bull run promises to break all records. Let’s see what’s happening with Bitcoin, why it’s rallying now, and which new crypto you should buy to stay ahead of the pack. According to Arhur Hayes, former BitMex CEO, Bitcoin’s rally is similar to what happened from the third quarter of 2022 into early 2025. Moreover, the crypto mogul admitted his bullish sentiment was at a max, stating that he’s ‘all in’ on Bitcoin and expects a $150K price point by the end of the year. What Triggered Bitcoin’s Bull Run and Could New Crypto Follow Suit? Hayes offers an explanation for what triggered Bitcoin’s speedy bull run. ‘[Today] We have a lot of fear, uncertainty, and doubt in the markets, and the monetary authorities, especially in America, cannot handle that, so they resort to money printing.’ Hayes believes the current bull run essentially started on April 9, with Trump’s 90-day tariff pause, which came soon after the president announced his tariff plan on April 2. This string of events destabilized the markets to such a degree that mere rumors about the possibility of a pause caused an upwards market swing of $2T in less than half an hour. The gains would be erased soon after, only for the market to rebound by 6% following the official announcement a day later. The ups and downs of the entire tariff debacle looks like something out of Hollywood’s playbook: Source: Evan Fields, UCR It may be happily ever after, as Grayscale Head of Research, Zach Pandl, has also expressed a positive outlook on Bitcoin’s future chart performance. Pandl stated that, while the Federal Reserve is worrying about the increasing stagflation risks,…

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Filed under: News - @ May 8, 2025 2:24 pm