Bitcoin Surges Past $95K on ETF Inflows & Trump Crypto Nod

Bitcoin climbed above $95,000 for the first time, marking an 8% rally to a fresh all-time high after spot exchange-traded funds recorded more than $2 billion in inflows over the past week. The surge followed President-elect Donald Trump's speech endorsing cryptocurrency reserves as part of a national strategy, signaling potential regulatory support from the incoming administration. Ethereum and other altcoins gained ground in tandem, lifting the total crypto market capitalization beyond $3 trillion.

The rally underscores accelerating institutional demand, with ETF inflows reflecting sustained buying from asset managers like BlackRock and Fidelity amid favorable policy signals. Trump's comments, which included proposals for a U.S. strategic bitcoin reserve, have eased prior concerns over regulatory crackdowns, fostering a risk-on environment for digital assets. This momentum has drawn comparisons to earlier bull runs driven by institutional adoption, though current levels reflect broader macroeconomic tailwinds like cooling inflation.

Traders should monitor ETF flow data for signs of sustained inflows, alongside Trump's cabinet appointments for pro-crypto figures that could shape SEC and Treasury policies. Key resistance looms near $100,000 for bitcoin, with any pullback potentially testing support at $90,000. Volatility remains elevated ahead of year-end positioning and Federal Reserve rate decisions.