The cryptocurrency market is experiencing a surge of momentum as Bitcoin (BTC) continues to climb, recently breaking past $93,000 and approaching the coveted $100,000 mark. At the same time, XRP is witnessing a strong rally, driven by increased trading activity on major platforms like Robinhood. This dual momentum reflects growing institutional and retail confidence in digital assets.
US BTC-Spot ETFs See Strong Inflows
On Tuesday, November 12, the US spot Bitcoin ETF market recorded net inflows totaling $817.5 million**, signaling robust investor appetite. Leading the charge was **BlackRock’s iShares Bitcoin Trust (IBIT)**, which alone attracted **$778.3 million in new capital. This dominant performance underscores BlackRock's growing influence in the crypto investment landscape.
The momentum extended into Wednesday, November 13, potentially marking a six-day streak of consecutive inflows—a bullish indicator for market sentiment. According to data from Farside Investors:
- Fidelity Wise Origin Bitcoin Fund (FBTC) reported inflows of **$186.1 million**, a significant jump from the previous day’s $37.2 million.
- Grayscale Bitcoin Mini Trust (BTC) saw inflows reach **$61.3 million**, up from $15.1 million.
- ARK 21Shares Bitcoin ETF (ARKB) turned positive with $14.5 million in inflows after a minor outflow the day before.
- Bitwise Bitcoin ETF (BITB) added $12.3 million, recovering from flat flows.
Excluding data from iShares Bitcoin Trust (IBIT) and Invesco Galaxy Bitcoin ETF (BTCO), the broader BTC-spot ETF market still managed $279.3 million in net inflows—highlighting diversified demand beyond just one or two funds.
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This sustained institutional demand, combined with speculation around potential policy shifts—including former President Trump’s proposal to add Bitcoin to US strategic reserves—is reshaping the supply-demand dynamics of BTC. With limited supply and increasing adoption, many analysts believe Bitcoin could hit $100,000 before Inauguration Day on January 20, 2025.
Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence, highlighted IBIT’s unprecedented growth on social media:
“JUGGERNAUT: IBIT has hit the $40b asset mark (a mere two wks after hitting $30b) in a record 211 days, annihilating prev record of 1,253 days held by IEMG. It’s now in Top 1% of all ETFs by assets and at 10mo old it is bigger than all 2,800 ETFs launched in the past TEN years.”
Such explosive growth signals that spot Bitcoin ETFs are not just a trend—they’re becoming foundational instruments in mainstream finance.
Bitcoin Price Action: On the Brink of $100K
On Wednesday, November 13, Bitcoin surged 3.37%, rebounding from a slight 0.56% dip the previous day to close at $90,151**. The upward trajectory accelerated in the following sessions, pushing BTC above **$93,000—just shy of the psychological six-figure threshold.
Market analysts are closely watching key macroeconomic indicators that could influence BTC’s next move. Upcoming US producer price index (PPI) and jobless claims data may impact Federal Reserve rate cut expectations. A softer-than-expected report could strengthen bets on a December rate cut, which typically benefits risk-on assets like cryptocurrencies.
Lower interest rates reduce the opportunity cost of holding non-yielding assets like Bitcoin, making it more attractive to investors. If inflation cools and labor market data remains stable, the path to $100,000 becomes increasingly viable.
Conversely, hotter economic data might prompt profit-taking, leading to short-term volatility. However, given the strength of ETF inflows and long-term structural support, any pullback is likely to be shallow and temporary.
XRP Rallies Amid Robinhood Trading Surge
While much attention focuses on Bitcoin, XRP is making headlines of its own. The Ripple-led cryptocurrency has surged to its highest level of 2024, fueled by a spike in trading volume on Robinhood.
Robinhood Markets reported a significant increase in XRP trading activity across its platform, with user engagement outpacing many other altcoins. This renewed interest comes amid ongoing speculation about Ripple’s legal battle with the SEC and potential clarity on XRP’s regulatory status.
The rally suggests that retail investors are regaining confidence in XRP as a viable digital asset with real-world utility through Ripple’s cross-border payment solutions.
Several factors are contributing to XRP’s resurgence:
- Improved market sentiment across the crypto space.
- Increased liquidity on major trading platforms.
- Growing anticipation around regulatory developments.
- Strong on-chain metrics, including rising active addresses and transaction volumes.
👉 See how platforms are driving altcoin momentum in real time.
With technical indicators showing bullish momentum and support forming near key price levels, XRP could be poised for further gains if broader market conditions remain favorable.
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- Bitcoin price
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- Bitcoin $100k prediction
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- ETF inflows
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Frequently Asked Questions (FAQ)
Q: Why is Bitcoin approaching $100,000?
A: A combination of strong institutional demand via spot ETFs, potential Fed rate cuts, and macroeconomic speculation is driving investor confidence. Sustained net inflows into BTC ETFs are tightening supply and fueling upward price pressure.
Q: Is XRP’s rally sustainable?
A: While short-term price movements depend on market sentiment, XRP’s long-term outlook improves with greater regulatory clarity and adoption of Ripple’s payment technology. Increased trading volume on platforms like Robinhood adds credibility to the current uptrend.
Q: How do ETF inflows affect Bitcoin’s price?
A: Net inflows indicate growing investor demand. When large amounts of capital flow into spot Bitcoin ETFs, it increases buying pressure in the underlying market, often leading to price appreciation.
Q: What role does Robinhood play in XRP’s price movement?
A: Robinhood provides retail investors easy access to cryptocurrencies. A surge in XRP trading volume on the platform signals heightened retail interest, which can drive short-term price increases and attract further attention.
Q: Could economic data delay Bitcoin’s rise to $100K?
A: Yes. Stronger-than-expected inflation or employment data may delay expectations for Fed rate cuts, reducing risk appetite temporarily. However, long-term structural drivers like ETF adoption remain intact.
Q: When might we see $100K Bitcoin?
A: Based on current momentum and historical patterns following ETF approval cycles, many analysts project Bitcoin could reach $100,000 by early 2025—potentially before January 20 Inauguration Day.
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Final Outlook
The crypto market is entering a pivotal phase in late 2024, marked by institutional adoption, regulatory evolution, and heightened retail participation. Bitcoin’s relentless climb toward $100,000 is being powered by record-breaking ETF inflows and macroeconomic tailwinds. At the same time, XRP is reasserting its presence with strong performance driven by platform-based trading surges.
As both digital assets gain traction, investors should remain informed, monitor macro developments, and understand the underlying fundamentals driving each asset class. Whether you're tracking BTC’s historic rally or evaluating XRP’s comeback potential, now is a critical time to stay engaged with the evolving crypto landscape.