Bitcoin Surges Past $95K on ETF Inflows
Bitcoin climbed above $95,000 for the first time in seven months, fueled by record $2.1 billion in inflows to spot Bitcoin exchange-traded funds this week. BlackRock's iShares Bitcoin Trust (IBIT) spearheaded the surge with $1 billion in fresh capital, underscoring accelerating institutional demand. The rally adds nearly 10% to BTC's value over the past seven days, building on momentum from post-election optimism and cooling macroeconomic pressures.
The inflows reflect broadening confidence among large investors, who have poured over $50 billion into U.S. spot Bitcoin ETFs since their January launch. This institutional embrace validates Bitcoin's maturation as an asset class, potentially stabilizing prices amid retail volatility. Easing fears over interest-rate hikes and geopolitical tensions have further supported risk assets, with BTC decoupling somewhat from traditional equities.
Traders should monitor upcoming U.S. economic data, including Friday's jobs report, for signals on Federal Reserve policy that could sway sentiment. Sustained ETF inflows above $1 billion weekly would bolster a push toward $100,000, while any reversal in flows or renewed dollar strength might cap gains near current levels. Social media buzz on X highlights retail enthusiasm, with viral charts of ETF activity and $100,000 predictions driving high engagement.
Social sentiment
X users celebrating 'parabolic BTC' with memes, predicting $100K by weekend; high engagement on ETF flow charts
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