Bitcoin Surges Past $95K on ETF Inflows

Bitcoin climbed above $95,000 for the first time since November, propelled by record inflows into spot Bitcoin exchange-traded funds. Data from BlackRock's iShares Bitcoin Trust showed inflows exceeding $1 billion in a single day, contributing to over $5 billion added to U.S. spot BTC ETFs in the past month. This surge follows the April halving event, which reduced mining rewards and historically preceded price rallies, while institutional buying has offset earlier outflows.

The rally extends beyond Bitcoin, lifting the total cryptocurrency market capitalization past $3 trillion and fueling gains in altcoins like Ethereum, which rose over 5% in tandem. BTC tickers now trade at premiums amid heightened demand, underscoring growing mainstream adoption despite lingering regulatory scrutiny from U.S. agencies. This momentum signals renewed investor confidence, with institutions positioning for potential policy shifts under a pro-crypto administration.

For traders, key levels to monitor include BTC resistance at $100,000 and support near $90,000, where profit-taking could emerge. On X, sentiment skews celebratory with memes referencing ETF data, though cautions about short-term pullbacks persist amid elevated volatility. Watch upcoming U.S. economic data and ETF flow reports for directional cues, as any slowdown in inflows could temper the advance.