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

SUI, BCH and Hedera's HBAR led Friday gains in the CoinDesk 20 Index, with one analyst saying this week's crypto rally is likely the beginning of BTC's climb to fresh record prices.

• Bitcoin's 11% surge to $95,000 this week is on track to be the asset's strongest weekly performance since November 2024.
• U.S.-listed spot bitcoin ETFs saw $2.68 billion in net inflows this week until Thursday, the largest since December.
• Bitcoin could surpass $130,000 by late 2025, early 2026, the CIO of Ledn predicted.

Bitcoin is making significant strides, set to achieve its most substantial weekly gain since the 2016 election win of President Trump, with ETFs attracting an impressive $2.7 billion in investments.

BTC decoupling

Leading the charge on Friday were SUI, BCH, and Hedera's HBAR in the CoinDesk 20 Index. Analysts are optimistic that this week's surge in cryptocurrencies signals the start of Bitcoin's journey towards achieving new all-time high prices.

This week saw Bitcoin spike by 11% to $95,000, marking its strongest weekly performance since November 2024. Notably, U.S.-listed spot bitcoin ETFs witnessed a remarkable $2.68 billion influx until Thursday, marking the highest level since December last year.

Predictions suggest that Bitcoin could reach levels surpassing $130,000 by late 2025 or early 2026 as per Ledn's Chief Investment Officer. The investor interest in ETFs has shown a strong resurgence as evidenced by the massive inflows recorded this week.

Bitcoin's route to fresh records

In light of recent market movements, analysts observe a rare detachment of Bitcoin's performance from traditional macro assets. This shift is seen as a significant development showcasing Bitcoin's growing status as a store-of-value asset unaffected by broader macroeconomic fluctuations.

Commenting on current market conditions, experts believe that volatility is likely to persist with notable swings expected due to the market's susceptibility to influence by large players.

Despite potential turbulence ahead, industry experts like John Glover from Ledn remain bullish about Bitcoin's trajectory towards breaking new records. Drawing on Elliott Wave theory principles predicting predictable price patterns influenced by collective investor sentiment, experts foresee Bitcoin rallying to $133-$136k by the end of this year or beginning of next year.