BTC/USD: Bitcoin Picks Up Pace to Cross $97,000 amid Broad Crypto Enthusiasm

Ether was looking to secure $2,800 as digital assets showed some signs of revival after a weekslong dry spell. 🔥 Bitcoin Prices RiseBitcoin prices turned up early Thursday for no apparent reason other than pure buy-the-dip efforts from traders. The orange digital asset advanced to levels around $97,500 from a weekly low of $93,500 and plowed through several challenges at once. Tariff jitters, elevated inflation expectations and a hawkish Federal Reserve couldn’t keep the bulls at bay. Donald Trump’s looming tariff hikes earlier this week expanded to include . 🚨 Jay Powell with the WarningAlso, the Federal Reserve on Wednesday released its minutes from the . In the summary, Fed boss Jay Powell and co warn of rising inflation pressures and vow to keep interest rates where they are until the economy needs a rate cut or inflation drops closer to the Fed’s 2% target. In that context, the price of Bitcoin remained well-bid as traders scooped up the digital asset after a weekslong dry spell. But it wasn’t just Bitcoin. Other tokens got a pump, too. 💡 A Look Across the BoardEthereum rose toward $2,800 after previously floating near $2,600 per token. XRP () is flexing a 10% weekly gain as hopes of a native exchange-traded fund buoy the coin. In the red for the week is Solana , down 10%, and Dogecoin () down 2%. The volatile crypto market has recently been struggling to put on a show as traders await fresh news from the White House administration, especially the tasked with hammering out pro-crypto regulations.