Crypto Funds Surge, But Will Bitcoin Hit $100K? Hold on to Your Hats!

• Crypto funds bagged an extra $2 billion last week, bringing the total inflows to a juicy $5.4 billion over the past two weeks!
• But will the good times keep rolling? Hold your breath, the Fed rate decision is looming!

Well, well, well, look who’s back for round two! Crypto funds are attracting investors like honey to a bear this week, just as they did last week. A hefty $2 billion in inflows according to CoinShares’ weekly flows report. Oh, the sweet scent of money!

The week before that, crypto ETFs were like a golden goose, seeing a mind-boggling $3.4 billion in demand. What’s the cause of this magic? Oh, just President Donald Trump casually hinting that the U.S.-China tariff deal might be back on the table. I mean, who doesn’t love a good trade drama?

Obviously, all this geopolitical drama got investors all giddy and ready to take some risks. And what did that do? You guessed it! A crypto boom, baby! 💥

Bitcoin, ETH, XRP: The Big Three!

When it comes to popularity, Bitcoin’s still the kingpin. It raked in a cool $1.84 billion last week. Ethereum came in second, flexing its muscles with $149 million. 😎

But wait, don’t count out XRP! This underdog of the altcoin world nabbed $10.5 million, even if it was a bit less than the $31.6 million it scooped up last week. Still, steady as she goes, right?

And Solana? Oh boy, Solana showed up with a cool $6 million – not bad compared to the $0.3 million Sui could scrape together. Talk about a *massive* improvement from the previous week’s $5.7 million outflows! 🤷‍♂️

Could this be a big ol’ “goodbye” from Sui? Seems like it – Sui’s inflows fell off a cliff, dropping 20 times from $20 million to a sad little $0.5 million. Ouch! 🥴

All in all, XRP investors are keeping calm, while Solana saw the biggest comeback. You’d think it was a sports game! 🏆

Now, let’s talk Bitcoin, shall we? The big guy hit almost $98k, but as we all know, nothing ever stays high for long. It dropped 4% from its latest high. Whoopsie-daisy! 🙄

Right now, Bitcoin’s chilling around $94k. So, what happens next? Well, that all depends on the Fed’s rate decision on Wednesday. Can Bitcoin keep its footing? Will it march on to $100k, or will it trip on a low-range support? Let’s hope it doesn’t fall flat on its face!

Looking at the charts, Bitcoin’s hanging around that $92k support zone. If it stays above that, there’s hope. The bulls might still pull off a $100k victory. But dip below $92k, and well… things could get ugly. 👀

So, what’s it gonna be? The big $100K dream or a swift nosedive into the crypto abyss? Who knows? But either way, this rollercoaster ride is far from over. 🎢

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2025-05-06 10:30