Bitcoin’s price surged past $90,000, reaching a new all-time high of $93,318 and a market capitalization of $1.8 trillion. This places Bitcoin as the eighth-largest traded asset globally. The rally marks Bitcoin’s largest price surge since January 2021. Profit-taking has tempered the rally, with $640 million in net outflows recorded. Retail activity has surged, but remains below levels seen in the 2021 bull run. Record-breaking capital inflows into US spot Bitcoin ETFs are anticipated to surpass gold ETFs within two months. Bitcoin’s growing alignment with mainstream financial assets reflects increasing investor confidence in digital assets.
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