Bitcoin Surges Past $95K on ETF Inflow Record

Bitcoin climbed above $95,000 for the first time since November, propelled by record inflows into BlackRock's iShares Bitcoin Trust (IBIT). The spot ETF attracted $2 billion in a single day, the largest daily haul on record, as institutional investors piled in amid improving regulatory clarity from U.S. authorities. Ethereum followed with gains of over 5%, lifting the total cryptocurrency market capitalization to $3.2 trillion.

The surge underscores accelerating institutional adoption, with BlackRock's ETF now holding more than 650,000 BTC, equivalent to roughly 3% of the asset's circulating supply. This capital influx signals sustained demand from traditional finance, reducing Bitcoin's reliance on retail speculation and bolstering its case as a macro asset amid global uncertainty. Regulatory tailwinds, including the SEC's approval of additional crypto products, have further eroded barriers to entry.

Traders should monitor ETF flow data for signs of momentum continuation, particularly from rivals like Fidelity's FBTC, alongside upcoming U.S. inflation figures that could influence Federal Reserve policy. On X, sentiment skews bullish with #BitcoinTo100K trending, though profit-taking near resistance levels around $98,000 warrants caution. A pullback below $92,000 could test recent supports, while sustained inflows might target six figures.