Bitcoin has broken through the $95,000 barrier for the first time, driven by record institutional inflows into spot Bitcoin ETFs totaling $2.4 billion in a single week.
What's Driving the Rally
BlackRock's iShares Bitcoin Trust (IBIT) alone attracted $1.1 billion in new investment last week, while Fidelity's FBTC saw $680 million. The surge comes as the Federal Reserve signals potential rate cuts later in 2026.
- Bitcoin price: $95,400 (up 12% this week)
- Weekly ETF inflows: $2.4 billion (new record)
- BlackRock IBIT AUM: $58 billion
- Total crypto market cap: $3.8 trillion
What Analysts Predict
Standard Chartered maintains its $120,000 year-end target, while JPMorgan has raised its forecast to $100,000. On-chain data shows long-term holders are not selling, suggesting the rally has further room to run.
