Bitcoin Surges Past 96,000 on ETF Inflows and CPI Data

Bitcoin surged past the 96,000 mark this week, driven by strong inflows into U.S. spot exchange-traded funds and a U.S. Consumer Price Index report that eased concerns over aggressive Federal Reserve interest rate hikes. The rally, which began following the release of inflation data on Tuesday, lifted the cryptocurrency's price by more than 4 percent in a single day, ending a month-long period of sideways trading. Ethereum also advanced, climbing over 7 percent to above 3,300, while the total cryptocurrency market capitalization exceeded 3.3 trillion.

The price movement followed net inflows of 753.7 million into Bitcoin ETFs on Tuesday, the largest single-day total since October, according to data from SoSoValue. Fidelity's Bitcoin ETF led with 351 million in inflows, followed by Bitwise's at 159 million and BlackRock's at 126 million. Ether-focused ETFs recorded 130 million in net inflows across five products. Earlier on Monday, Bitcoin ETFs saw 116 million in inflows, reversing a four-day outflow trend. These developments signal renewed institutional interest after year-end portfolio adjustments and tax-related selling pressured markets in late 2025.