Bitcoin hits $87,000 as ETF inflows reach $2.4 billion and crypto market cap retakes $3 trillion
AI Market Summary
Crypto saw broad risk-on signals: BTC, ETH and SOL hit multi-month highs alongside large ETF net buying (BTC $2.4B, ETH $0.69B, SOL $0.188B), lifting total market cap back above $3T. Policy and market-structure headlines were supportive, including Fed proposals enabling bank-issued stablecoins, CFTC guidance favoring tokenized funds and 24/7 markets, and SEC clarification on staking tokens. X and NYSE/BlackRock tokenization initiatives reinforce adoption.
Impact level
● High
Affected assets
BTC/USDT+0.27%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Crypto markets logged a series of milestones this week, with BTC reaching $87,000, ETH $2,800 and SOL $120 for the first time in nearly eight months. ETFs posted large net inflows, led by $2.4 billion into BTC, alongside $690 million into ETH and $188 million into SOL, helping lift total crypto market value back to $3 trillion. Regulators also moved on multiple fronts, including a Fed proposal that would allow banks to issue their own crypto stablecoins. Elsewhere, X rolled out social trading through partnerships with exchanges and brokers, while NYSE and BlackRock advanced broader access to tokenized U.S. stocks and tokenized investment portfolios.
