Bitcoin Tops $84,000 as SEC Exemption and ETF Inflows Drive Rally

Bitcoin traded above $84,000 after regulatory shifts and strong ETF inflows lifted market sentiment. The asset closed the week above its 50-week moving average for the first time in 45 weeks.

Spot Bitcoin ETFs recorded $433 million in net inflows on Friday, marking a return to positive weekly flows. This capital injection helped stabilize prices after a recent dip below $75,000.

Regulatory Clarity Boosts Institutional Confidence

The SEC granted an exemption for tokenized stock trading, a key step for blockchain adoption. The CFTC also sent new crypto proposals to the White House for review, reducing legal uncertainty.

Market experts noted that these moves signal a shift toward regulated market structures. This framework may attract more institutional activity and liquidity into digital asset markets.

Altcoins Rally With Bitcoin

Ethereum gained 8.43 percent over the past week, tracking Bitcoin’s upward momentum. Major altcoins like BNB and Solana surged, with some gaining over 20 percent.

Global crypto market capitalization rose 4.83 percent to $2.88 trillion, according to Coinmarketcap data. This broad recovery indicates that the rally extended well beyond the leading asset.

Macro Factors Shape Market Sentiment

A sharp swing in oil prices triggered a short squeeze, adding momentum to the rally. Analysts believe the market had already priced in recent Federal Reserve rate decisions.

The conclusion of the FOMC meeting removed macro uncertainty, sparking a relief rally. Institutional demand drove the recovery, as noted by The Economic Times in its market report.