Bitcoin Surges Past $95,000 with $3 Billion in ETF Inflows

Bitcoin (BTC) is approaching the $100,000 mark for the first time since February 2025, supported by significant inflows into Bitcoin exchange-traded funds (ETFs).

Market Trends

Bitcoin ETFs attracted over $3 billion last week, marking the largest inflow since December.
Bitcoin's price rose from $75,000 on April 7 to exceed $95,000 by April 28, reflecting an 8% increase over the past week.
Other major cryptocurrencies also posted gains: Ethereum rose 11%, XRP increased by 9%, and Solana gained 8%.

The price surge follows a recovery after a downturn caused by President Trump's tariff policy. A pause on tariffs allowed markets to stabilize, resulting in a 9% rebound for Bitcoin on April 9.

Investor Sentiment

The S&P 500 dropped $2.5 trillion on April 2 but saw a 1% increase post-tariff pause.
Bitcoin outperformed with a 14% gain since the announcement.
Investors increasingly view Bitcoin as a safe-haven asset due to pressures on equities from tariffs and declining corporate earnings.

James Butterfill from CoinShares highlighted that Bitcoin's perception as a safe-haven asset could be driving its recent performance amid equity market challenges.

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