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Bitcoin Hits $91,000 Monthly High as Institutional Inflows Surge

The cryptocurrency market rallies with Bitcoin leading gains, supported by strong ETF inflows, while Solana and altcoins like Dogecoin and Ethereum post significant increases.

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Bitcoin (BTC) price on April 22 (CoinDesk)
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Overview

  • Bitcoin reached $91,600 on April 22, its highest price in over a month, driven by the strongest institutional ETF inflows since January.
  • The global cryptocurrency market cap rose 6% since April 2 to $295 trillion, with Bitcoin maintaining a 60% dominance share.
  • Solana has outperformed major cryptocurrencies, climbing 14.5% since April 2 to $145, attributed to oversold conditions and shifting trader sentiment.
  • Altcoins like Dogecoin and Ethereum recorded significant daily gains of 9% and 8%, respectively, reflecting broad market strength.
  • Analysts highlight Bitcoin’s growing institutional adoption and its appeal as a store of value, contrasting Solana’s recent gains driven by speculative trading activity.