Several factors are contributing to the crypto market’s recent spike: First, President Trump announced a significant reduction in tariffs on Chinese imports. This move signals a potential easing of tensions between the US and China, which could lead to increased stability in global supply chains and reduced inflation concerns for investors. These stable economic conditions increase confidence among investors. 📈, leading them to allocate more funds into assets like cryptocurrency. Second, institutional investors are pouring record sums into crypto exchange-traded funds (ETFs). Bitcoin ETFs saw a whopping $912.7 million in new investments, representing approximately 10,430 bitcoins. ARK 21Shares is currently leading the pack of investment activity in these areas. Ethereum ETFs have also seen significant inflows, with $38.8 million in new investments (around 24,580 ETH), with Fidelity notably contributing $32.7 million through a purchase of 20,710 ETH . This major influx of capital from large financial institutions sends a powerful signal to the market and encourages others to join this upward trend. 💼