Bitcoin Tops $93,000 as ETFs Attract Nearly $2 Billion in Two Days

Bitcoin tagged another all-time high on Wednesday morning, fueled by relentless demand for spot ETFs.

BTC briefly surged to $93,500 before retracing to $91,000. The world’s most valuable cryptocurrency is up 2% in the last 24 hours, with the total crypto market capitalization flat at $2.57 trillion. ETH dipped 3.5%, while SOL was flat at $213.

Most Top 100 digital assets by market capitalization are down on the day, with Mantra (OM), Neiro, and Hedera (HBAR) plunging 10% or more.

Memecoins are today’s top gainers. PNUT, PEPE and WIF soared 220%, 36% and 31%, respectively, after being listed on major centralized exchanges.

Spot Bitcoin ETFs pulled in $817 million on Tuesday, pushing inflows over the last two trading days to nearly $2 billion.

According to Coinglass, Traders continue to place bullish bets as open interest in Bitcoin futures has surged by over $13 billion in the last ten days and sits at an all-time high of $53 billion.

Bitcoin briefly flipped Saudi Aramco’s market capitalization earlier in the day to become the world’s 7th most valuable asset. It currently sits in 8th place ahead of silver.