Bitcoin Nears $95,000 on UK-US Trade Optimism Amid Record ETF Inflows and Altcoin ETF Anticipation
Bitcoin’s price has rebounded to nearly $95,000, driven by optimism over possible UK-US trade talks and strong institutional demand through spot Bitcoin ETFs. Last week, US spot Bitcoin ETFs accumulated 18,644 BTC, far outpacing the 3,150 BTC produced by miners, intensifying Bitcoin’s supply scarcity since the April 2024 halving slashed daily new output to about 450 BTC. BlackRock’s iShares Bitcoin Trust has led ETF inflows, bringing in $1.8 billion in just five days. Meanwhile, focus is shifting to regulatory decisions on approximately 70 altcoin ETF applications expected in November 2025. Bitwise’s recent filing for a NEAR Coin ETF highlights growing interest in alternative crypto assets. Although NEAR saw only minor price movement on the news, success in ETF approvals is seen as a bullish market catalyst. Key resistance levels for NEAR are at $2.39 and $2.60. Analysts suggest that easing institutional and retail restrictions could lift prices further, with projections ranging up to $200,000 for Bitcoin by 2025. However, caution is warranted due to potential volatility and risk of substantial corrections. Overall, strong ETF inflows, shrinking supply, and macro factors like international trade progress are supporting bullish momentum for both Bitcoin and altcoins.
Bullish
The consistent increase in spot Bitcoin ETF inflows, especially with institutional giants like BlackRock, is dramatically outpacing new BTC supply post-halving, intensifying scarcity and creating upward price pressure. The anticipation of decisions regarding around 70 altcoin ETF applications, notably Bitwise’s NEAR Coin ETF filing, is increasing institutional attention to alternative crypto assets. Macro optimism from potential UK-US trade agreements and the expectation that regulatory easing for ETFs could spark a broad-based rally also contribute to a bullish outlook. Although warnings about volatility and possible corrections remain, the overall trend reflected in the summaries and current market conditions signal a strong bullish momentum for Bitcoin and altcoins in the near and medium term.