Bitcoin Surges Past $95K on ETF Inflow Frenzy

Bitcoin climbed above $95,000 for the first time, marking a fresh all-time high as spot Bitcoin exchange-traded funds attracted a record $2 billion in inflows over the past week. The surge propelled the cryptocurrency's market capitalization higher, contributing to a total crypto market cap of $3.2 trillion. Ethereum and other altcoins trailed the leader, with ETH gaining ground amid broader risk-on sentiment.

The rally reflects accelerating institutional adoption, bolstered by enhanced regulatory clarity following key ETF approvals earlier this year. Major players, including asset managers and corporations, have ramped up allocations, viewing Bitcoin as a maturing store of value amid persistent inflation concerns and geopolitical tensions. This influx underscores a shift from retail-driven volatility to more stable, fundamentals-based demand.

For traders, the momentum signals potential for further upside if inflows sustain above $1 billion weekly, though overbought conditions on short-term charts warrant caution. Key levels to monitor include BTC resistance at $100,000 and support near $90,000, alongside upcoming US economic data and Federal Reserve signals that could influence risk assets. Crypto Twitter's bullish chatter, centered on whale accumulations and ETF hype, amplifies sentiment but should be weighed against macroeconomic risks.