With an influx of geopolitical concern and economic uncertainty, a host of markets have failed to live up to high hopes entering the year. Yet that is beginning to turn around today. Among the resurgent assets is Bitcoin, which has climbed back to the $88,000 mark and has many pondering why the leading crypto is up so much today.

The digital asset sector isn’t alone in its increase, as the US stock market is also up. Indeed, Tesla (TSLA), which has fallen for nine consecutive weeks, is up almost 10% on this Monday. The turnaround seems to have propelled BTC, as this could be the start of a notable run for a host of industries.

BTC on table with price charts
Source: Watcher Guru

Also Read: Will Swiss Bank Buy Bitcoin?

Bitcoin Climbs to $88,000 as Leading Crypto Eyes Surge to End March

At the start of 2025, the cryptocurrency market had boasted immense potential. US President Donald Trump was set to return to the White House, and he was poised to bring his pro-crypto attitude with him. Although that has manifested in significant action by his administration, it has yet to truly impact the price of assets.

That has changed this week. Indeed, Bitcoin has climbed ever closer to the $90,000 mark, as BTC has increased notably today. The biggest question is, why? Well, the positive sentiment that the market is facing is part of the reason; however, so too is the increase in the prevalence of the leading crypto.

Bitcoin coin with green price chart in background
Source: Forkast

Also Read: BlackRock Predicts Bitcoin (BTC) Surge if U.S. Recession Hits

Michael Saylor’s Strategy started the day by purchasing another $584 million in Bitcoin. Indeed, the firm now owns a remarkable 2.4% of the entire circulating supply of BTC. However, that isn’t all. Metaplanet, another key investor in the asset, has also purchased the leading crypto after naming Eric Trump to its advisory board.

The latter has seen its holdings reach 3,350 BTC in total. Specifically, its most recent purchase was worth more than $291 million. The move has made the Japanese-based firm the largest holder in all of Asia. Moreover, both purchases may have played a role in propelling the asset’s recent increase alongside the ongoing market shift that took place on Wall Street Monday.

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