**Bitcoin Nears All-Time High Amid ETF Inflows & Fed Signals**
Bitcoin (BTC) is approaching its record high, trading around **$105,500**—just **3.6% away** from its previous peak of **$109,350**, according to CoinDesk data. The cryptocurrency has staged a strong **V-shaped recovery** since early April, surging **10% last week** thanks to steady inflows into **spot Bitcoin ETFs**.
**Spot ETF Demand & Fed Policy Support Rally**
BlackRock’s **IBIT ETF** has seen **20 consecutive days of net inflows**, accumulating over **$5 billion** in investor capital (SoSoValue). Meanwhile, the **Federal Reserve** held interest rates steady but hinted at a dovish stance, with Chair **Jerome Powell** calling inflation trends "good" and downplaying tariff impacts.
**Altcoins Surge as Market Momentum Builds**
Ether (**ETH**) soared **39%** to **$2,500**—its best week since **December 2020**. Other altcoins like **XRP, DOGE, ADA, and SOL** also rallied, gaining **9.7% to 56%**. Despite the bullish momentum, **HTX Research** notes there’s **no speculative frenzy yet**, suggesting room for further growth.
**Key Market Indicators:**
- Bitcoin options **implied volatility (IV)** remains stable at **50–55%** (vs. 80%+ during past peaks).
- CME Bitcoin futures **open interest ($14.8B)** is below the **$20B** peak of 2020, indicating **controlled leverage**.
**Outlook:**
HTX predicts BTC could consolidate between **$105K–$115K** unless **ETF inflows slow** or bond yields spike above **4.8%**. The next breakout depends on macroeconomic cues and institutional demand.#BTC
