Overview
- Bitcoin reclaimed the mid-to-high $90,000s, topping roughly $97,500 for its strongest level since November and putting the $100,000 mark back in focus.
- U.S. spot Bitcoin ETFs drew about $753.7 million to $843.6 million in a single day and roughly $1.7 billion for the week, with Fidelity, Bitwise and BlackRock leading creations.
- Derivatives data showed a squeeze wiping out roughly $600 million to $848 million in crypto shorts, including about $290 million tied to Bitcoin, reinforcing the upswing.
- U.S. inflation held at 2.7% year over year with softer core CPI, easing expectations for aggressive Fed tightening and bolstering risk appetite.
- The total crypto market value climbed toward $3.3 trillion as major tokens advanced, while traders tracked a Senate crypto market-structure push and U.S.–Iran developments as potential catalysts.