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Bitcoin's price has surged past $95,000 for the first time in 60 days, driven by fresh updates in the US-China tariff trade war. The cryptocurrency's aggregate market valuation has gained $300 billion in 24 hours, breaking past the $3 trillion mark.
- *ETF Inflows*: Bitcoin ETFs have acquired 6.3% of total holdings this week, with inflows surging past $900 million in a single day. This capital reallocation may be capping upside in the broader crypto market.
- *Adoption*: Bitcoin adoption may accelerate after the US Federal Reserve eased restrictions on banks engaging in crypto activities, opening the door for institutional participation ¹ ².
*Market Updates*
- *SUI Rallies 20%*: SUI has emerged as a top trending token, rallying 20% after Trump's call with Xi Jinping. The token's price has reclaimed $3.70 before retracting toward $3.50.
- *Pudgy Penguins Gains*: Pudgy Penguins, a rising NFT brand, has rallied 47.5% to $0.0094, driven by increasing engagement metrics, new merchandise drops, and rising traction within the global NFT and Web3 communities.