Bitcoin Surges Past $95K on ETF Inflow Frenzy

Bitcoin climbed above $95,000 for the first time since November, fueled by record $2 billion inflows into BlackRock's iShares Bitcoin Trust (IBIT) ETF in a single day. The surge marked a 5% gain overnight, with BTC trading at $95,400 by early Asian hours. Ether followed with a 4% rise to around $3,600, reflecting correlated momentum across major cryptocurrencies.

The ETF inflow frenzy underscores accelerating institutional adoption, particularly after recent regulatory approvals that have eased barriers for mainstream investors. BlackRock's IBIT now holds over 650,000 BTC, equivalent to more than 3% of the total supply, amplifying demand pressure in a relatively fixed-supply market. This development signals a resumption of the broader bull cycle, as altcoins like Solana and Chainlink posted gains exceeding 6%, buoyed by improved market liquidity.

For traders, key levels to monitor include BTC's resistance at $98,000, where profit-taking could emerge, and support near $92,000 tied to recent moving averages. Crypto Twitter buzz with "HODL" sentiment and $100,000 weekend targets highlights retail enthusiasm, but sustained ETF inflows and U.S. policy clarity—such as potential stablecoin legislation—will determine if the rally holds amid elevated volatility.