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Bitcoin Surges Past $112,000 on Institutional Buying and ETF Inflows

A tech rebound led by Nvidia boosted market sentiment just as traders brace for U.S. tariff hikes with Federal Reserve minutes due soon.

FOTO DE ARCHIVO: Representaciones de la criptomoneda Bitcoin se ven en esta ilustración tomada el 25 de noviembre de 2024. REUTERS/Dado Ruvic/Illustration/Foto de archivo
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Overview

  • Bitcoin climbed past $112,000 for the first time, extending its year-to-date gains to around 19 percent.
  • Institutional investors drove much of the rally, with corporate treasuries increasing their purchases in recent weeks.
  • Spot Bitcoin ETFs recorded about $80 million in inflows on Tuesday, signaling sustained demand from professional funds.
  • A technology sector rally led by Nvidia helped lift risk assets and supported Bitcoin’s upward momentum.
  • Traders are monitoring potential U.S. tariff hikes and eagerly awaiting the Federal Reserve minutes for clues on future monetary policy.