Bitcoin Surges Past $98K, $100K Within Reach, Fueled by ETF Inflows and Demand

Bitcoin hits $98,151, setting a new all-time high and nearing $100K.
Spot Bitcoin ETFs attracted $1.84 billion in inflows over three days.
Corporate giants like MicroStrategy drive adoption with massive Bitcoin purchases.

Bitcoin soared past $98,000 to pave the way for a potential $100K breakthrough. The unprecedented surge is driven by a combination of 1.84 billion ETF inflows and aggressive demand for Bitcoin calls.

BTC has just broken through $98,000, setting a new all-time high and is now trading at $98,151. QCP said, it’s now closer than ever to that 100k milestone. Throughout the week, our desk observed aggressive demand in March and June Calls, signaling investors’ long-term bullish…
— Wu Blockchain (@WuBlockchain) November 21, 2024

Currently trading at $98,151, the dominant crypto is riding a bullish wave, fueled by growing institutional interest. Data shows that demand for Bitcoin has risen exponentially in March and June calls, signaling confidence in its long-term growth. A major catalyst is Bitcoin spot ETFs, which have drawn $1.84 billion in inflows over just three days.

Institutional Adoption Drives Bitcoin’s Momentum

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Source: https://coinedition.com/bitcoin-surges-past-98k-100k-within-reach-fueled-by-etf-inflows-and-demand/