Krypto-Rally setzt sich fort: Bitcoin steigt auf höchsten Stand seit acht Monaten

Bitcoin's price has climbed to its highest level since the beginning of the year, buoyed by strong inflows into Bitcoin ETFs. On the trading platform Bitstamp, the oldest and most well-known cryptocurrency briefly reached $85,248, an almost 5% increase from the previous day and the highest level since early January. Market observers attribute this rise not only to technical factors but also to a sense of relief among investors.

This relief came at the start of the week following news that a retaliatory attack by US forces in the Gulf region, previously hinted at by US President Donald Trump, was ultimately averted. Concerns about an abrupt escalation and a resulting shock to energy markets had previously weighed down riskier asset classes such as crypto assets.

High ETF inflows and SEC exemptions are driving the market. At the same time, investors are processing recent developments in US crypto policy with mixed feelings. In Washington, the so-called Clarity Act failed in the US Senate on the previous Tuesday. The proposed legislation aimed to fundamentally reorganize the regulatory framework for crypto platforms.

While some industry representatives viewed this as a missed opportunity for binding legal certainty, other market participants responded with relief, as it means feared stricter control measures have been put on hold for now. Bloomberg news agency cited total inflows into ETFs for Thursday and Friday totaling $593 million. Analyst Timo Emden of Captrader noted that the current momentum is particularly driven by institutional interest, inflows into Bitcoin spot ETFs, and regulatory signals from the US.

Last week, the US Securities and Exchange Commission (SEC) announced a temporary exemption for trading on blockchain-based securities that map real assets. "Short squeezes" are fueling the price surge, Emden said. Speculative investors, who had been heavily shorting when the markets were falling, were forced to unwind their short sales.

"The resulting dynamics in this context are likely to further fuel the upward momentum," the analyst adds. Since the record high of over $126,000 in October 2025, Bitcoin has shed more than 30% of its value. In the medium and long term, though, Bitcoin remains one of the most successful investment classes.