Bitcoin Tops $100,000, Gains 10% On ETF Inflows as Analysts Eye Breakout Toward $130,000

Benzinga

Bitcoin surged past the key $100,000 level this week, marking a 10% gain and signaling renewed bullish momentum, according to Cointelegraph. The rally is fueled by strong inflows into BlackRock’s spot Bitcoin ETF, which added $1.03 billion last week, extending its streak to 19 consecutive days. BTC is edging closer to its all-time high of $109,588, and analysts say a breakout could push prices toward $130,000. Several altcoins joined Bitcoin's rally, leading some analysts to declare the beginning of an altseason with expectations of strong gains ahead. Others remain skeptical, noting that altcoins have only recovered modestly from steep declines.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Bitcoin surged past the key $100,000 level this week,

00:05marking a 10% gain and signaling renewed bullish momentum,

00:08according to Cointelegraph.

00:10The rally is fueled by strong inflows in a BlackRock spot Bitcoin ETF,

00:13which added $1 billion last week,

00:16extending its streak to 19 consecutive days.

00:19Bitcoin is edging closer to its all-time high of $109,588,

00:24and analysts say a breakthrough could push prices towards $130,000.

00:28Several altcoins joined Bitcoin's rally,

00:31leading some analysts to declare the beginning of an alt season,

00:34with expectations of strong gains ahead.

00:36Others remain skeptical,

00:37noting that altcoins have only recovered modestly from steep declines.

00:42For all things money, visit Benzinga.com slash GSTV.

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