Bitcoin has surged above $97,000, driven by significant inflows into US spot Bitcoin ETFs, which have attracted nearly $1.5 billion since January. Institutional buying has been a major contributor, accounting for $843.6 million of the weekly inflows, indicating growing investor confidence and potentially marking the end of a prolonged consolidation phase around $88,000. The rally comes amid broader macroeconomic factors influencing digital asset investments, including institutional adoption trends. Analysts suggest that the sustained ETF demand could signal a technical breakout, although caution is advised due to Bitcoin's cyclical market nature. The recent price action suggests bullish momentum, but the path forward remains uncertain, with market watchers emphasizing the need for continued institutional accumulation to sustain long-term growth.
Bitcoin Surges Past $97,000 Amid $1.5 Billion ETF Inflows
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