Bitcoin Prices Reach $95,000 For The First Time In History

Bitcoin reached a new all-time high of $95,000, marking a significant milestone for the cryptocurrency. This surge is attributed to several bullish factors, including the inflow of over $1 billion into Bitcoin exchange-traded funds (ETFs), particularly ARK's ARKB, which saw $267.3 million in inflows. Additionally, the launch of BlackRock’s Bitcoin ETF options, with $1.9 billion traded on its first day, has fueled further momentum. Analysts have noted a strong surge in demand for Bitcoin, with U.S. Bitcoin ETFs now holding over 1 million units, highlighting the growing institutional interest. As Cory Klippsten, CEO of Swan Bitcoin, put it, Bitcoin’s rise reflects a shift away from traditional financial systems that are facing increasing instability.