Bitcoin is adjacent to new highs over the whole time, heading $ 118,000 when institutions are going to ETFs

Bitcoin On Friday, she continued her rally, rising to new records over the night after Bitcoin ETFs saw her biggest tributary day.

According to Coin Metrics, the price of the flagship cryptocurrency was 4% at $ 118 396.01. Previously, it increased to $ 118,872.85. Air It grew by almost 7%to trade above $ 3,000 for the first time since February.

On Thursday, Bitcoin ETFs registered its largest inflow day in 2025 by $ 1.18 billion. Ether ETFs recorded its second largest tributary day of $ 383.1 million, Sosovalue reports.

The rally started slower on Wednesday after the release of the last meeting of the federal reserve system, who showed a discrepancy among the officials About how aggressive they will be ready to reduce interest rates. Bitcoin, who also assisted stocks in technological promotions, ran to the end, reaching it The first new entry from May 22.

“It was then that we began to really output the top range,” said Marcus Tilen, CEO of 10 -Black Studies. “It is expected that the one who will come to head the Fed will be next.

The Fed Independence was the topic for institutions that came back to April 17. It was then that the influx in bitcoin ETFs got up, and when President Donald Trump hinted that “termination“The chairman of the federal reserve system Jerome Powell may be required, given the position of the Central Bank at interest rates. Since then, the tributaries have grown to almost $ 16 billion.

Moving this week above the big wave of short liquidations. Over the last 24 hours, more than $ 650 million have been observed in Bitcoin short -term liquidation and ether more than $ 215 million. When traders use a short bitcoin leverage and the price of cryptocurrency, they buy Bitcoin back from the market to close their positions that pushes the price and causes more positions.

During the week, Bitcoin goes on the way to almost 10% profits, and Ether – more than 20%.