Bitcoin BTC $95,070.56 Bitcoin 1.61% Market capitalization $1.89 trillion VOL. 24 hours $2.66 billion continues to hold above the $ 93,000 mark, demonstrating resilience after a correction earlier this year. The main drivers of this growth have been record inflows into exchange-traded funds (ETFs), optimistic long-term forecasts, and a signal of potential regulatory relief in the United States.
According to the SoSoValue analytical platform, U.S. spot Bitcoin ETFs recorded more than $ 1.2 billion in net inflows over the week, with the amount approaching $ 1 billion on Tuesday alone. The total assets under management of such funds reached $ 103 billion. The leader is the iShares Bitcoin Trust fund from BlackRock, which has accumulated $ 2.7 billion this year.
Optimism is also fueled by long-term forecasts. Investment company ARK Invest has updated its target estimate for 2030: in the bullish scenario, Bitcoin could grow to $ 2.4 million, in the basic scenario, to $ 1.2 million, and even in the pessimistic scenario, to $ 500,000. ARK analyst David Puel noted that Bitcoin has the potential to cover up to 6.5% of the global financial system worth $ 200 trillion.
Technical analysts also see a positive picture. According to Rekt Capital, it is important for Bitcoin to gain a foothold above the $ 93,500 support level, which will allow it to resume its accumulation trend. It was also noted that the share of coins in profits exceeded the threshold of 16.7 million BTC, which historically indicates preparation for new growth.
The regulatory situation in the United States is also favorable to the market: The Federal Reserve has joined the OCC and FDIC in rescinding previous guidance on restrictions for banks in the cryptocurrency space. Now, decisions on how to interact with crypto assets will more often be left to the banks themselves.
Thus, the combination of strong institutional interest, a positive technical backdrop, ambitious target valuations, and potential regulatory relaxation creates favorable conditions for further growth of Bitcoin.