Bitcoin Surpasses 95K After CZ ‘Buy the Dip’ Signal Spurs Institutional Surge

Bitcoin's price broke through the $95,000 barrier following Binance founder Changpeng Zhao's "buy the dip" endorsement, driving renewed market interest and significant institutional investment. The move was further supported by a reported $2.2 billion infusion into Bitcoin spot ETFs, highlighting a robust influx of capital from major players. Industry expert Mike Alfred noted that the asset could potentially target $109,000 as historical momentum and whale activity further fuel the rally. Additionally, the broader market saw altcoins such as SUI gaining traction, reflecting a positive spillover effect from Bitcoin's surge. With the global crypto market cap rising to $2.92 trillion, the news points to a renewed bullish outlook driven by institutional flows and influential market signals. This confluence of factors underscores the potential for continued upward price movement for Bitcoin, while also impacting select altcoins.