Bitcoin has smashed through the $145,000 barrier for the first time as spot Bitcoin ETF inflows reached a staggering $3 billion in a single trading day, the highest since their January 2024 launch.

Institutional Frenzy

BlackRock's iShares Bitcoin Trust alone absorbed $1.2 billion in new investments. Analysts attribute the surge to sovereign wealth fund allocations and growing corporate treasury adoption.

What's Driving It

A weakening US dollar, persistent inflation concerns, and the upcoming Bitcoin halving effect are converging to create what analysts call a perfect storm for price appreciation.