Bitcoin Smashes $95K on ETF Inflows Surge

Bitcoin surged past $95,000 for the first time, reaching a fresh all-time high amid robust inflows into spot exchange-traded funds. BlackRock's iShares Bitcoin Trust (IBIT) alone recorded $2 billion in weekly inflows, pushing total ETF assets under management to record levels and underscoring institutional demand as a key price driver. Ethereum and Solana also advanced, with SOL gaining 15% in tandem, reflecting broader market momentum.

The rally gained additional impetus from speculation surrounding a potential U.S. cryptocurrency strategic reserve under the incoming Trump administration, amplifying optimism in policy circles. These developments signal maturing market infrastructure, with ETFs now channeling billions from traditional finance into digital assets, reducing reliance on spot exchange liquidity and stabilizing price discovery.

This breakout matters for its implications on market capitalization—Bitcoin's dominance now exceeds 56%—and potential spillover to equities and risk assets amid global rate-cut expectations. Traders should monitor ETF flow data for sustained buying pressure, upcoming U.S. regulatory announcements on crypto reserves, and on-chain metrics like exchange reserves, which remain elevated and could signal profit-taking risks. Volatility may persist as positions unwind ahead of key economic releases.