Record-Breaking Week: Bitcoin Climbs Over $95,000 Amidst $3 Billion ETF Inflows
Bitcoin (BTC) is experiencing a resurgence, approaching the $100,000 mark for the first time since February 2025. This trend is driven by over $3 billion in inflows into Bitcoin exchange-traded funds (ETFs), indicating increased investor confidence. Bitcoin's price rose from a low of $75,000 on April 7 to over $95,000 by April 28, reflecting an 8% increase in one week. Institutional inflows and bullish options trading are contributing to the potential for Bitcoin to exceed $100,000 soon. Other cryptocurrencies like Ethereum, XRP, and Solana have also gained recently. The recovery follows a market downturn caused by President Trump's tariff policy, which initially led to significant losses in equities. After a 90-day tariff pause was announced, the S&P 500 rebounded, while Bitcoin gained 14%. Investors are increasingly viewing Bitcoin as a safe-haven asset amid equity market pressures.
