Bitcoin Surges Past $93,000 as Institutional Investment Soars

A significant surge in institutional investments has propelled Bitcoin’s price to new heights. According to data from Spot On Chain, U.S.-based Bitcoin exchange-traded funds (ETFs) experienced the largest single-day net inflow since President Trump took office, totaling $912.7 million. This influx of capital has sparked a rapid rise in Bitcoin’s value, exceeding $93,000 for the first time in over 50 days. This wave of bullish sentiment is fueled by several factors, including positive developments regarding U.S.-China relations and growing confidence in the DeFi landscape.