Bitcoin (BTC) surged above $99,000 on Friday, nearing the $100,000 mark, with a 2% daily increase driving the crypto market’s total capitalization to a record $3.4 trillion.

U.S.-based BTC ETFs saw over $1 billion in net inflows, led by BlackRock ($600M) and Fidelity ($300M), with no outflows reported.

Other tokens also rallied, including Ethereum (ETH) up 9%, XRP soaring 25% following SEC Chair Gary Gensler’s resignation announcement, and Solana (SOL) hitting new highs above $260, Coin Desk has reported.

Market optimism is fueled by bullish sentiment toward a potential crypto-friendly Trump administration in 2025 and expectations of continued monetary easing.

Written by B.C. Begley