Bitcoin Surges Past $95K on ETF Inflow Frenzy

Bitcoin climbed above $95,000 for the first time since November, propelled by record inflows into spot exchange-traded funds. BlackRock's iShares Bitcoin Trust (IBIT) alone attracted $2 billion over the past week, the largest weekly haul since its January launch, according to data from Farside Investors. The surge broke key technical resistance around $93,000, with trading volume spiking 25% on major exchanges as institutional buying overwhelmed sellers.

The rally underscores accelerating institutional adoption following April's bitcoin halving, which halved mining rewards and tightened supply dynamics. Cumulative ETF inflows now exceed $50 billion across U.S. products, drawing in pension funds and wealth managers previously sidelined by regulatory hurdles. Ethereum (ETH) gained 8% in tandem, reflecting broader risk appetite, while altcoins like Solana and Ripple posted double-digit advances amid reduced volatility.

This momentum matters as it signals a potential shift from post-election highs to sustained bull territory, though overbought conditions on the relative strength index warrant caution. Traders should monitor upcoming U.S. jobs data and Federal Reserve signals for macroeconomic spillovers, alongside on-chain metrics like whale wallet accumulations—evident in recent Crypto Twitter screenshots—and ETF flow sustainability. A dip below $92,000 could test support, while $100,000 looms as the next psychological barrier.