In a remarkable turn of events, Bitcoin has surged past the $95,000 mark, coinciding with an impressive $3 billion influx into ETFs. Bitcoin (BTC), the foremost cryptocurrency, is experiencing a significant rebound, as its price approaches the $100,000 threshold for the first time since February 2025. This upward trend has been notably bolstered by considerable inflows into Bitcoin exchange-traded funds (ETFs), indicating a resurgence of investor confidence and interest in the cryptocurrency market.
A recent report by Fortune indicates that Bitcoin ETFs saw their most significant inflows since December, drawing in over $3 billion last week. The influx into these ETFs serves as a barometer of market sentiment, suggesting that investors are increasingly viewing Bitcoin as a viable asset class. The recent buying spree coincides with Bitcoin’s reversal of its previous downward trajectory, rising from a low of $75,000 on April 7 to exceed $95,000 by April 28. In just the past week, Bitcoin has surged by around 8%, attaining a price of $95,500—marking levels that have not been observed since February.
Gadi Chait, head of investment at Xapo Bank, emphasized that this price movement is more than just a fluctuation; it signals a renewed willingness among investors to engage in the market. Chait observed that a blend of substantial institutional inflows via ETFs and vigorous bullish engagement in options trading has set the stage for Bitcoin to possibly surpass the $100,000 mark in the near future.
The increase in Bitcoin’s price is reflected in a resurgence within the wider cryptocurrency market. In recent weeks, other significant cryptocurrencies have demonstrated notable increases, with Ethereum appreciating by 11%, XRP advancing by 9%, and Solana climbing by 8%. This resurgence comes on the heels of a tumultuous phase instigated by President Trump’s sweeping tariff policy announcement earlier this month, which initially resulted in a considerable market decline.
On April 2, the S&P 500 experienced a significant decline, erasing $2.5 trillion in a single day as investors responded to possible supply chain disruptions and inflationary concerns. This uncertainty led many to withdraw from riskier assets, such as cryptocurrencies, in anticipation of the effects of the tariffs. Nevertheless, the market started to find its footing following Trump’s decision to implement a 90-day suspension on the majority of tariffs, with the exception of those impacting China. This announcement resulted in a notable resurgence in the S&P 500, registering its most substantial single-day rise since 2008, whereas Bitcoin experienced a 9% recovery on April 9. Following the announcement of President Donald Trump’s tariff pause, the S&P 500 has experienced a slight uptick of 1%, while Bitcoin has notably surpassed this with a 14% increase.
James Butterfill, head of research at CoinShares, observed a significant divergence in investor perceptions of Bitcoin relative to traditional equities. He explained that as equities encounter challenges from tariffs and diminishing corporate earnings, BTC is progressively perceived as a safe-haven asset—independent from centralized authorities like governments or central banks. This change in viewpoint may serve as a crucial element influencing Bitcoin’s recent performance. “While equities are weighed down by tariffs and declining corporate earnings prospects, Bitcoin remains unaffected and has actually benefited from investors seeking alternative safe-haven assets,” Butterfill stated.
On Monday, BTC retraced toward $94,640, registering a 14% price surge in the monthly time frame.