Bitcoin Nears $100K as Dollar Weakens, ETFs See Record Inflows and Crypto Market Surges

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28.04.2025 110 times read 0 Comments

‘Major’ U.S. Dollar Fed Warning Braces Bitcoin For A BlackRock ‘Megaforce’ Price Shock

According to Forbes, Bitcoin has experienced a significant rebound this week, moving toward the $100,000 mark per bitcoin. This surge comes as a closely-watched crypto investor declared the market bottom and encouraged investors to “buy everything” ahead of a potential Federal Reserve policy shift. The article highlights that Deutsche Bank analysts, George Saravelos and Tim Baker, have identified the preconditions for a major U.S. dollar downtrend, citing a shift in U.S. trade policy and a global reassessment of U.S. geopolitical leadership. They predict the end of the “higher for longer” dollar era, which could have substantial implications for Bitcoin and other cryptocurrencies.

Goldman Sachs’ head of FX echoed these concerns, stating that the U.S. dollar’s weakness is “here to stay” as the world adapts to a new tariff-based international trade order. Jay Jacobs, head of thematics and active ETFs at BlackRock, described “geopolitical fragmentation” as a “megaforce” that will drive global change for decades. Jacobs linked this fragmentation to the rise of Bitcoin, noting its decoupling from technology stocks and its growing role as an uncorrelated asset. BlackRock, managing over $10 trillion globally, has been instrumental in bringing spot Bitcoin ETFs to the U.S., with CEO Larry Fink now calling Bitcoin “digital gold” and a “legitimate” financial instrument. Fink’s vision includes a blockchain-based alternative to the U.S. dollar, marking what he calls a digital “revolution.”

Key Points Details
Bitcoin Price Surge Toward $100,000 per bitcoin
Deutsche Bank Forecast Major dollar downtrend expected
BlackRock ETF Approval Spot Bitcoin ETFs approved in January last year
BlackRock AUM Over $10 trillion

Summary: Forbes reports that a weakening U.S. dollar and geopolitical shifts are setting the stage for a Bitcoin price surge, with BlackRock and other major players driving institutional adoption and innovation in the crypto space.

Bitcoin Poised for Strongest Weekly Gain Since Trump Win as ETFs Gobble $2.7B Inflows

CoinDesk reports that Bitcoin surged 11% this week to $95,000, marking its strongest weekly performance since November 2024, when Donald Trump won the U.S. presidency. U.S.-listed spot Bitcoin ETFs saw $2.68 billion in net inflows this week until Thursday, the largest since December. Ethereum’s ether also gained 2% to trade just over $1,800. The rally comes as crypto markets recover from early April lows amid tariff turmoil, with BTC up over 11% since Monday.

David Duong, Coinbase Institutional’s global head of research, noted that Bitcoin’s recent strength relative to U.S. stocks and gold highlights its decoupling from traditional macro assets. He emphasized Bitcoin’s maturing role as a store-of-value asset, increasingly viewed as resilient against macroeconomic forces. Liquidity in the spot BTC market has been significantly drained, making the market thin and vulnerable to sharp swings of 10% up or down, according to Dr. Kirill Kretov of CoinPanel. John Glover, CIO of Ledn, predicts Bitcoin could reach $133,000 to $136,000 by late 2025 or early 2026, based on Elliott Wave technical analysis.

Metric Value
Bitcoin Weekly Gain 11% (to $95,000)
ETF Net Inflows $2.68 billion (largest since December)
Ethereum Price Just over $1,800 (+2%)
BTC Price Target (Ledn CIO) $133,000–$136,000 (late 2025/early 2026)

Summary: CoinDesk highlights Bitcoin’s decoupling from traditional assets, record ETF inflows, and technical forecasts pointing to new all-time highs by 2026.

Crypto Today: SUI rallies 20%, Bitcoin price tops $95K for first time in 60 days after Trump calls Xi Jinping

FXStreet reports that the aggregate market capitalization of cryptocurrencies gained $300 billion in 24 hours, surpassing the $3 trillion mark. Bitcoin surged past $95,000 for the first time since February 25, driven by updates in the US-China tariff trade war and a call between President Trump and President Xi Jinping. Bitcoin ETFs saw $447 million in deposits on Thursday, following record single-day inflows of $936 million and $917 million on Tuesday and Wednesday, respectively. Total ETF inflows for the week exceeded $2.4 billion, with ETFs acquiring about 6.3% of their total $38 billion BTC holdings in just three days.

Altcoins also rallied, with Sui (SUI) jumping 20% to reclaim $3.70 before settling at $3.50, supported by a 15.8% increase in DeFi Total Value Locked. Pudgy Penguins (PENGU), an NFT brand, rose 47.5% to $0.0094, driven by increased engagement and new merchandise. The global crypto market cap reached $3.08 trillion, up 0.8% in 24 hours, with trading volume at $109.5 billion. PayPal and Coinbase announced an expanded partnership to promote the PYUSD stablecoin, offering fee-free transactions and 1:1 fiat redemptions. The SEC also moved to dismiss its lawsuit against Dragonchain, reflecting a shift in regulatory approach.

Asset/Event Key Data
Crypto Market Cap $3 trillion (+$300 billion in 24h)
Bitcoin Price $95,000 (first time in 60 days)
Bitcoin ETF Inflows $447M (Thu), $936M (Tue), $917M (Wed), $2.4B+ (week)
SUI Price $3.70 (20% rally), $3.50 (press time)
Pudgy Penguins (PENGU) +47.5% to $0.0094

Summary: FXStreet details a broad crypto rally, record ETF inflows, and significant altcoin gains, alongside major partnership and regulatory developments.

Cryptocurrencies Surge, Bitcoin Mining Costs Soar, SEC Chair Calls For Clear Crypto Regulations: This Week In Crypto

Benzinga reports that major cryptocurrencies, including Bitcoin, Ethereum, XRP, and Dogecoin, experienced significant surges, indicating bullish momentum. Bitcoin climbed 12% over the week, following a familiar cycle of improving sentiment and macro signals. Bitcoin mining costs have risen sharply, with CoinShares reporting the total average cost to produce one Bitcoin, including non-cash items, reached $137,018 in the final quarter of 2024. This figure includes depreciation and stock-based compensation, highlighting the financial stress on miners despite strong market prices.

New SEC Chair Paul Atkins has called for clear regulatory policies to help the crypto industry thrive in the U.S., emphasizing blockchain’s potential to modernize the financial system by increasing efficiency, reducing costs, and mitigating risks. Senator David McCormick (R-PA) has been actively buying shares of the Bitwise Bitcoin ETF (BITB), with his total investment ranging from $375,000 to $850,000 since February, possibly capitalizing on a dip before Bitcoin’s rally back to $95,000.

Metric Value
Bitcoin Weekly Gain 12%
Bitcoin Mining Cost (Q4 2024) $137,018 per BTC
Senator McCormick’s BITB Investment $375,000–$850,000 (since Feb)

Summary: Benzinga highlights strong crypto market gains, rising mining costs, regulatory calls for clarity, and notable institutional investments in Bitcoin ETFs.

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