Bitcoin Surges Past $95K on ETF Inflows

Bitcoin climbed above $95,000 for the first time, marking a fresh all-time high as spot exchange-traded funds recorded $2 billion in weekly inflows. The surge added over 5% to BTC's value in the past 24 hours, with trading volume spiking across major exchanges. Ethereum trailed closely, gaining 8% to hover near $3,800, reflecting broader momentum in the top cryptocurrencies.

The rally underscores growing institutional adoption, with BlackRock's IBIT and Fidelity's FBTC leading ETF inflows at over $1 billion combined this week. Regulatory clarity from the U.S. Securities and Exchange Commission's approvals has bolstered confidence, drawing in traditional finance players and signaling a maturing crypto market. This shift reduces reliance on retail speculation, as evidenced by on-chain data showing increased holdings by long-term holders.

For traders, key levels to monitor include BTC's resistance at $100,000 and support near $90,000, where recent dips have found buyers. Ethereum's correlation with BTC remains high, but its upcoming network upgrades could drive divergence. Watch macroeconomic catalysts like Federal Reserve rate signals and potential policy shifts under the incoming U.S. administration, alongside X platform chatter where trading volume has exploded amid #Bitcoin ATH discussions. Volatility persists, warranting caution despite the bullish setup.