Bitcoin price rises above $97,000 as $1.7 billion ETF inflows surge

A combination of economic news and new inflows into U.S. spot Bitcoin exchange-traded funds (ETFs) pushed the price of Bitcoin above $97,000 this week, its highest level in more than two months.

Cryptocurrency investors appear to be starting 2026 with a familiar strategy: allocating large amounts of money to Bitcoin ETFs.

On Tuesday, more than a dozen U.S.-listed spot Bitcoin funds recorded net inflows of about $760 million, the largest single-day total inflows since October. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the pack, absorbing about $351 million, while Bitwise’s BITB and BlackRock’s iShares Bitcoin Trust (IBIT) also posted significant gains.

That momentum accelerated Wednesday. According to data from SoSoValue, the Spot Bitcoin ETF received another $843.6 million in inflows, extending its positive streak to three consecutive days, bringing total inflows for the period to approximately $1.71 billion.

Eight of the 12 funds reported net inflows, with BlackRock’s IBIT alone raising $648 million, highlighting BlackRock’s dominance among institutional investors.

Bitcoin’s price movement reflects that renewed interest. After trading below $92,000 for much of November and December. BTC It rose decisively this week, regaining the $94,000 to $97,000 range and pushing towards $100,000.

The move triggered about $700 million in short-term liquidations, amplified volatility and accelerated the rally, according to Bitcoin Magazine Data.

Since the launch of spot products in early 2024, ETF flows have become a key barometer of institutional sentiment. By mid-January, cumulative inflows had reached more than $56 billion, but flows turned negative in late December amid the end-of-year caution.

This week’s sharp reversal suggests investors are once again looking at Bitcoin as both a growth asset and a diversification tool. This is reflected in the rise in Bitcoin prices.

Economic conditions that affect Bitcoin price

Macro conditions also play a role. The weaker-than-expected U.S. Consumer Price Index (CPI) data released on January 13 eased fears of further aggressive monetary tightening and heightened “risk-on” sentiment.

At the same time, rising geopolitical tensions and political uncertainty in the United States have increased interest in alternative stores of value, including Bitcoin prices.

Still, the risk of volatility remains. Markets are focused on the US Supreme Court’s ruling on President Donald Trump’s tariffs, which could bring new uncertainty to global trade and financial markets.

At the time of writing, the price of Bitcoin was up 2% in the past 24 hours, trading at $97,046, with daily trading volume of approximately $67 billion.

The asset is approximately 1% below its 7-day high of $97,705 and 2% above its 7-day low of $95,318. The circulating supply of Bitcoin is 19.98 million coins. BTCwith a total market capitalization of approximately $1.94 trillion, also up 2% on the day.