Bitcoin Surges Past $95K on ETF Inflow Boom

Bitcoin climbed above $95,000 for the first time since its November peak, propelled by a surge in spot ETF inflows that reached $2 billion over the past week. BlackRock's IBIT and Fidelity's FBTC led the charge, absorbing substantial volumes amid renewed institutional interest. The cryptocurrency's market capitalization rose alongside, contributing to a total crypto market cap of $3.2 trillion, with Ether tracking Bitcoin's gains to test $4,000.

The rally underscores accelerating institutional adoption, bolstered by clearer U.S. regulatory signals following the Federal Reserve's recent rate cut and pro-crypto policy shifts. ETF inflows signal sustained demand from traditional finance players, reducing Bitcoin's reliance on retail sentiment and providing a buffer against volatility. This marks a shift from earlier 2024 outflows, highlighting ETFs as a maturing gateway for billions in sidelined capital.

For traders, key levels to monitor include Bitcoin's resistance at $100,000, where profit-taking could emerge, and support near $90,000 tied to recent ETF accumulation zones. On X, discussions center on #BitcoinETF inflow charts and optimistic projections, though analysts caution that macroeconomic data like upcoming U.S. jobs reports could temper momentum if they signal persistent inflation. Altcoin correlations remain high, warranting vigilance on broader market liquidity.