Bitcoin Nears $95,000 as Institutional Demand and US Policy Tailwinds Fuel Crypto Momentum

On Tuesday, Bitcoin was trading at $94,662.19 at 9 a.m. (IST), registering a 1.16 per cent gain over the previous 24 hours, according to CoinMarketCap. The rally was driven by strong institutional buying, optimism around Bitcoin exchange-traded funds (ETFs), and favourable policy signals from the United States, particularly under the political resurgence of Donald Trump. Meanwhile, the state of Arizona is considering adding Bitcoin to its treasury, a move that may pave the way for broader governmental adoption of digital assets.

Bitcoin’s market capitalisation rose to $1.87 trillion, up 1.06 per cent, with a 24-hour trading volume of $32.12 billion. The price action is seen as a continuation of a bullish trend fuelled by ETF inflows, strategic accumulation, and favourable technical conditions.

Alankar Saxena, Co-founder and CTO of Mudrex, said, “Bitcoin is testing the $95,000 zone as positive institutional developments continue to boost sentiment — i.e. Strategy adding $1.4 billion worth BTC to its holdings and Standard Chartered projecting a rally towards $120,000 in the near term.”

Globally, the cryptocurrency market capitalisation climbed to $2.97 trillion, a 1.59 per cent increase, with daily trade volumes surging by 47.79 per cent to $89.69 billion. According to Alex Kuptsikevich, chief market analyst at FxPro, “The market has recovered to its 200-day moving average, but is hesitant to overcome it, as we see in the case of Bitcoin. The sentiment in the markets is neutral. It seems that players prefer to move upwards with relatively long stops.”

Ethereum, the second-largest crypto by market cap, was trading at $1,795.46, up 1.29 per cent. Saxena noted that Ethereum is “showing strong signs of a breakout, with whale inflows surging by 2,682 per cent, signalling a potential move towards the $2,000 level.” Kuptsikevich added that Ethereum is “struggling with resistance in the form of the 50-day moving average near $1800 for the sixth day,” and reacts significantly when crossing above or below it.

Other major cryptocurrencies like Solana ($147.52), BinanceCoin, Dogecoin, and Cardano continued to hover below key resistance levels. XRP rose above $2.28, suggesting limited but targeted strength in select altcoins. Stablecoins continue to dominate daily transactions, with Tether trading at $1 and holding a $148 billion market cap and $68.91 billion in daily volume.

The ETF-driven enthusiasm appears sustained. QCP Capital reports that the Bitcoin options market is heavily loaded with call options at the $95,000 strike for April and May, implying strong investor appetite for further upside.

Adding to the long-term optimism, Cathie Wood’s Ark Invest forecasts that Bitcoin could hit $2.4 million by 2030 in a bullish scenario, citing expanding adoption by institutions and sovereign wealth funds. In its base case, Bitcoin is expected to reach $1.2 million.

Further, Citigroup predicts 2025 could mark a turning point in institutional blockchain adoption, particularly for stablecoins, projecting capitalisation growth to as much as $3.7 trillion by 2030 in a bullish case. Meanwhile, Standard Chartered expects Bitcoin to hit $120,000 in the second quarter of 2025 and $200,000 by year-end.

With multiple macroeconomic data releases on the horizon—including the US PCE inflation index, ISM data, and employment figures—investors are watching for potential triggers to push Bitcoin decisively past the $100,000 mark.

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