Bitcoin Holds Near $95K as It Heads for Best Weekly Gain Since Trump’s Victory

Bitcoin (BTC) extended its spring rally on Friday, holding around $95,000 during U.S. afternoon hours, up 1.8% over the past 24 hours. Ethereum’s ether (ETH) followed closely, gaining 2% to hover above $1,800. Sui (SUI), Bitcoin Cash (BCH), and Hedera (HBAR) led broader market gains, lifting the CoinDesk 20 Index.

BTC is up over 11% since Monday, putting it on track for its strongest weekly performance since Donald Trump’s 2024 election victory. Investor appetite surged, with U.S.-listed spot Bitcoin ETFs recording $2.68 billion in net inflows this week, the highest since December, according to SoSoValue.

Bitcoin’s strength is decoupling from traditional assets like U.S. stocks and gold, noted David Duong, Coinbase Institutional’s head of research. He emphasized that Bitcoin’s evolving role as a store of value is becoming clearer to institutional and retail investors, driven by rising corporate adoption. Twenty One Capital, backed by Tether, Bitfinex, SoftBank, and a Cantor Fitzgerald affiliate, plans to hold 42,000 BTC at launch, following MicroStrategy’s playbook.

Liquidity in the spot market has tightened significantly since November 2024, said Dr. Kirill Kretov of CoinPanel, making Bitcoin prices more vulnerable to sharp 10% swings.

Despite possible short-term volatility, Bitcoin could be entering the final wave of a multi-year bull market, according to John Glover, CIO of Ledn. Applying Elliott Wave theory, Glover predicts a climb to $133,000–$136,000 by late 2025 or early 2026, though a retest of $75,000 remains possible. Investor sentiment continues to favor higher prices as Bitcoin cements its place as a resilient asset amid macro uncertainty.