Bitcoin Surges Past $95K on ETF Inflows and Trump Pro-Crypto Stance

Bitcoin climbed above $95,000 for the first time, marking a fresh all-time high as spot exchange-traded funds recorded $2 billion in inflows over the past week. The surge added over 5% to BTC's value in a single session, with trading volume spiking amid heightened retail and institutional interest. Ethereum followed with gains exceeding 7%, pushing ETH toward $3,500 and lifting broader altcoin sentiment.

The rally stems from two key catalysts: unprecedented ETF demand, which has now accumulated over $50 billion in assets under management since their January launch, and President-elect Donald Trump's explicit pro-crypto platform. Trump's pledges for lighter regulation, a national Bitcoin reserve, and sidelining SEC Chair Gary Gensler have dispelled election-related uncertainty, channeling optimism into price action. Crypto Twitter reflects this euphoria, with #BitcoinTo100K trending alongside reports of whale accumulations.

This momentum underscores Bitcoin's maturation as a macro asset, correlating with risk-on environments and policy tailwinds. For traders, key levels to monitor include BTC's $100,000 psychological barrier and potential resistance at prior highs around $96,500. Pullbacks could test support near $90,000, where ETF inflows might provide a floor, while sustained volume above $100 billion daily signals further upside. Regulatory clarity from the incoming administration will be pivotal in distinguishing short-term fervor from enduring adoption.