Does anyone know what is causing the bull run on Bitcoin and eth?
Gold is at ATH, NASDAQ is at ATH, other indexes are 10% below its ATH. Bitcoin is at 50% of ATH. Better question would be or why everything is as expensive as ever was or why Bitcoin is not at $20000 yet.
Market cycles. Gold last peaked in 2011 and has been rallying up to this breakout for the last 5 years. BTC meanwhile is still recovering from the epic 2017 bubble. The bear market isn't officially broken until we break above the June 2019 high in the $13,000s.
$20K and beyond will come in due time. I definitely see gold and BTC rallying together over the next year or two.