Bitcoin Surges Past $95K on ETF Inflow Record

Bitcoin climbed above $95,000 for the first time, marking a fresh all-time high as spot Bitcoin exchange-traded funds recorded $2.1 billion in weekly inflows. BlackRock's iShares Bitcoin Trust (IBIT) dominated the surge, capturing the largest share and underscoring accelerating institutional demand. The rally extended to altcoins, with many posting gains of 10% to 20%, as Ethereum (ETH) and others followed Bitcoin's lead in a broader market upswing.

The ETF inflows represent a pivotal shift, channeling unprecedented traditional capital into crypto assets and validating Bitcoin's maturation as an institutional-grade holding. This volume—equivalent to roughly 2% of Bitcoin's circulating supply added via ETFs—signals sustained buying pressure amid favorable regulatory tailwinds and post-election optimism. Such adoption bolsters Bitcoin's case as a macro hedge, potentially drawing further allocations from pensions and sovereign funds.

Traders should monitor upcoming US economic data, including inflation readings and Federal Reserve signals, for volatility cues, alongside ETF flow reports for sustained momentum. Resistance looms near $100,000, with any pullback testing support at $90,000. Altcoin correlations remain high, implying selective profit-taking could pressure smaller tokens if Bitcoin consolidates.