Bitcoin climbs toward $97K as Wall Street rotates back into crypto!
Bitcoin is re-entering the macro spotlight as prices surge toward the $97,000 level, marking the asset’s strongest breakout since early November. After months of range-bound trading between $85,000 and $92,000, renewed momentum is being driven by a sharp rebound in institutional demand. US spot Bitcoin ETFs recorded roughly $753 million in net inflows in a single day, the highest level in three months, signaling that Wall Street capital is rotating back into crypto.
The rally comes as broader market dynamics shift. Equity markets have cooled from recent highs, gold continues to trade at record levels, and rising geopolitical tensions are reviving Bitcoin’s narrative as a hedge alongside traditional safe havens. Over the past week, Bitcoin is up nearly 7%, helping lift the wider crypto market. Ether is pushing toward $3,400, Solana has reclaimed the mid-$140 range, and several altcoins have posted double-digit gains.
At the portfolio level, new research from Bitwise argues the real advantage is not choosing between Bitcoin and gold, but holding both. According to the study, a combined Bitcoin-gold allocation delivered nearly triple the Sharpe ratio of a traditional 60/40 portfolio over the past decade. Gold consistently softened drawdowns during market shocks, while Bitcoin led recoveries, making the case that together they quietly outperform.
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