| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107251.5500000000 |
| ETH | $2429.4600000000 |
| BNB | $649.1998200000 |
| XRP | $2.1818620000 |
| ADA | $0.5616671000 |
| SOL | $149.8851000000 |
| DOGE | $N/A |
| DOT | $3.3876400000 |
| LTC | $86.3774000000 |
| LINK | $13.3016500000 |
Category: CRYPTO NEWS
The post Bitcoin Price Blasts Past $88,500, Trump’s Fed Fight Boosts ETF Inflows appeared on BitcoinEthereumNews.com. Key Insights U.S. Bitcoin ETFs hit $381.4M in daily inflows, a 3-month high. Trump’s Powell threats and rate-cut push drive Bitcoin, gold demand. ARK’s ARKB led inflows; Ethereum ETFs saw $25.42M outflows. Trade tensions and dollar weakness boost Bitcoin, gold as safe havens. The crypto market ignited this week as Bitcoin price rocketed past $88,500 on Tuesday, propelled by $381.4 million in net inflows to U.S. spot Bitcoin ETFs—the highest in three months. Investors are piling into the digital asset amid a perfect storm of market chaos, sparked by former President Donald Trump’s threats to oust Federal Reserve Chair Jerome Powell and worsening U.S.-China trade tensions. With the U.S. dollar sliding and stocks tumbling, Bitcoin and gold are stealing the spotlight as safe-haven bets. Bitcoin ETFs Rally with $381.4 Million in Inflows Data from SoSoValue reveals that on April 21, the 12 U.S. spot Bitcoin ETFs raked in $381.4 million in net inflows—a 250% jump from the prior day and the biggest haul since January 30. Bitcoin ETF Net Inflow| Source: Coinglass ARK 21Shares’ ARKB topped the list with $116.13 million, while Fidelity’s FBTC followed with $87.61 million. Bitwise’s BITB and BlackRock’s IBIT added $45.08 million and $41.62 million, respectively. Smaller players like VanEck’s HODL and Franklin Templeton’s EZBC pulled in $11.72 million and $10.1 million. Grayscale’s GBTC and BTC funds chipped in $36.6 million and $32.55 million. This influx snapped a two-week outflow trend, with last week’s net inflows totaling just $15.85 million. The ETF boom aligned with Trump’s latest salvo against Powell. On April 21, Trump took to Truth Social, declaring Powell’s “termination can’t come fast enough” after the Fed Chair signaled delays in rate cuts. Reports indicate Trump’s team is weighing legal moves to unseat Powell, amplifying fears of monetary upheaval. This clash has rattled investors, pushing…
2025-04-23T23:45:11+00:00
https://bitcoinethereumnews.com/bitcoin/bitcoin-price-blasts-past-88500-trumps-fed-fight-boosts-etf-inflows/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-price-blasts-past-88500-trumps-fed-fight-boosts-etf-inflows