Spot Bitcoin ETFs in the US just recorded their highest weekly net inflow in two months, injecting $744.35 million between March 17 and 21. This surge has fueled bullish momentum for Bitcoin, which recently broke past $87,000.
Bitcoin ETFs See First Inflow After Five Weeks
For the first time in five weeks, US Bitcoin ETFs saw positive net inflows, according to SoSoValue.
🔹 BlackRock’s IBIT ETF led the charge, attracting $537.5 million.
🔹 Fidelity’s FBTC ETF followed with $136.5 million.
🔹 Total Bitcoin ETF net inflows have once again surpassed $36 billion.
In contrast, Ethereum ETFs continued to struggle, registering a $102.9 million outflow for the fourth straight week.
Bitcoin Surges Past $87K—What’s Driving the Rally?
Several key events have boosted Bitcoin’s price action:
1️⃣ ETF Inflows: The renewed demand for Bitcoin ETFs has increased buying pressure.
2️⃣ Federal Reserve Decision: Fed Chair Jerome Powell confirmed that interest rates will remain at 4.25% to 4.50%, supporting investor confidence.
3️⃣ Trump’s Pro-Crypto Speech: At the Digital Asset Summit in New York, Donald Trump expressed strong support for Bitcoin and stablecoins, further fueling optimism.
These factors helped Bitcoin break out of its $80K-$83K range and climb to $87K, marking a 3.3% gain in 24 hours.
Can Bitcoin Break $90K or Is a Drop Coming?
With Bitcoin’s market cap surpassing $1.7 trillion and daily trading volume reaching $18.66 billion, all eyes are on the next key level.
🚀 Bullish Scenario: If Bitcoin breaks the $90,000 psychological barrier, it could trigger another strong rally.
⚠️ Bearish Risk: A drop below $84K might push BTC under $80K, sparking a correction.
Ethereum has also gained momentum, hitting $2,070, as the total crypto market cap rose 3.2% to $2.85 trillion.
