Bitcoin Surges Past 90K with $1.98B Crypto Inflows Amid Investor Optimism

aThe crypto market experienced a record inflow of $1.98 billion in the past week, lifting Bitcoin above $90,000. Strong interest from U.S. and European investors and ETF inflows underscore confidence in the market amid favorable economic conditions and political shifts.

The cryptocurrency market continues to rally, with Bitcoin’s price breaking past $85,000 following a substantial $1.98 billion weekly inflow. This marks the fifth consecutive week of inflows, bringing total investments for the year to $31.3 billion, according to CoinShares. Global crypto inflows now stand at an all-time high of $116 billion, reflecting robust investor confidence amid strong economic conditions.

Bitcoin remains the primary beneficiary, attracting $1.8 billion in inflows last week as the digital asset solidifies its position as a leading store of value. The U.S. Federal Reserve’s recent interest rate cuts have bolstered this confidence, providing a favorable backdrop for further growth.

Meanwhile, spot Bitcoin ETFs have continued to draw institutional attention, with peak inflows of $1.38 billion on November 7. A strong election season, during which several pro-crypto candidates gained seats, has further propelled market enthusiasm.

Ethereum also saw significant gains, with $157 million in ETF inflows, the highest since ETF availability began in July. Additionally, altcoins like Solana and Uniswap have benefited, drawing in new capital as investors diversify their portfolios across the blockchain ecosystem.

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