Bitcoin approached the historic $100,000 milestone by reaching $99,654 on November 22 but has since encountered resistance, struggling to breach this critical level. After a brief dip to approximately $92,500 last week, $BTC has rebounded and is currently trading near $96,000, keeping the six-figure target within reach.
This renewed upward momentum has been fueled by increasing interest in spot Bitcoin ETFs. Following outflows on November 25 and 26, ETF inflows surged on November 27 and 29. According to ETF Tracker Farside, the total inflows amounted to $103 million and $320 million, respectively. BlackRock’s iShares Bitcoin Trust (IBIT) led with $137 million in inflows, followed by Fidelity’s Wise Bitcoin Origin Fund (FBTC) with $106 million.
This wave of interest in spot Bitcoin ETFs has provided a significant boost to Bitcoin's price, potentially setting the stage for another push toward the highly anticipated $100,000 mark.
