Bitcoin Just Hit Its Highest Price in 60 Days. 3 Reasons Behind the Rally.

After months of struggling to gain any sort of momentum, Bitcoin (CRYPTO: BTC) has seemingly turned it around. It recently hit a price of $95,000 -- the first time it has done that since February 25. Bitcoin is now up nearly 15% over the past 30 days, and appears ready to retake the $100,000 price level.So what's behind this remarkable Bitcoin turnaround? And just how sustainable is it?One major factor has been the return of investor inflows to the spot Bitcoin ETFs. It might sound simplistic, but if money is flowing into the spot Bitcoin ETFs, the price of Bitcoin is likely to go up. And, conversely, if money is flowing out of the spot Bitcoin ETFs, the price of Bitcoin is likely to go down.Continue reading

Apr 30, 2025 - 13:28

Bitcoin Just Hit Its Highest Price in 60 Days. 3 Reasons Behind the Rally.

After months of struggling to gain any sort of momentum, Bitcoin (CRYPTO: BTC) has seemingly turned it around. It recently hit a price of $95,000 -- the first time it has done that since February 25. Bitcoin is now up nearly 15% over the past 30 days, and appears ready to retake the $100,000 price level.

So what's behind this remarkable Bitcoin turnaround? And just how sustainable is it?

One major factor has been the return of investor inflows to the spot Bitcoin ETFs. It might sound simplistic, but if money is flowing into the spot Bitcoin ETFs, the price of Bitcoin is likely to go up. And, conversely, if money is flowing out of the spot Bitcoin ETFs, the price of Bitcoin is likely to go down.