Bitcoin (BTC) is holding strong around $95,000, with eyes locked on the $100,000 milestone. The fuel? Massive institutional inflows and bold state-level support. On Monday, U.S. spot Bitcoin ETFs saw an inflow of $591.29 million—marking a strong continuation since April 17. Adding to the momentum, MicroStrategy snapped up 15,355 BTC worth $1.42 billion, bringing its total stash to over 553,000 BTC. Meanwhile, Arizona made headlines with its Bitcoin Reserve Bill, allowing up to 10% of its treasury and retirement funds to be allocated to digital assets. If signed by Governor Katie Hobbs, it would make Arizona the first U.S. state to invest public funds in BTC. With demand surging and circulation tightening, Bitcoin’s path to $100K seems increasingly within reach.
Conclusion:
Institutional interest, ETF inflows, and Arizona’s bold move may be laying the foundation for Bitcoin’s next breakout.
Takeaways:
BTC holding near $95K with $100K in sight.
MicroStrategy adds $1.42B worth of BTC.
Arizona may allocate 10% of funds to Bitcoin.
$591M ETF inflows continue upward trend.
Source: fxstreet.com
