Bitcoin ATH Hits $93K
Bitcoin reaches a new all-time high of $93,311, driven by post-election momentum and record inflows into Bitcoin ETFs after Trump’s victory.
Bitcoin (BTC) has surged to a new all-time high of $93,311.31, continuing its sharp rise since Donald Trump’s presidential election victory. The cryptocurrency, which was under $70,000 on election night, has more than doubled in value this year, boosted by the January launch of spot Bitcoin exchange-traded funds (ETFs).
Interest in these ETFs spiked after Trump’s win, following campaign promises to support the crypto industry, including creating a “strategic bitcoin stockpile” and promoting U.S. Bitcoin mining. Record-breaking inflows have poured into Bitcoin ETFs, with nearly $2 billion on Monday and Tuesday alone, according to Farside Investors.
BlackRock’s iShares Bitcoin Trust (IBIT) has now surpassed $40 billion in inflows, achieving this in a record-breaking 211 days. This rapid growth has pushed IBIT ahead of BlackRock’s own iShares Gold Trust (IAU), making it the largest ETF launch in the past decade. Meanwhile, spot Ether ETFs are also gaining attention, with about $431 million in inflows in just two days, showing increased interest across the crypto market.
