Bitcoin Hits Two-Month High as ETF Inflows Surge, Drives Crypto Stock Boom

Bitcoin Hits Two-Month High as ETF Inflows Surge, Drives Crypto Stock Boom

Bitcoin reached a two-month high, trading around $120,400, helped by solid inflows into U.S. spot Bitcoin ETFs. Ethereum also rallied, closing near $4,490, marking a strong week with ~15% gains. 

Among crypto-adjacent equities, Bakkt Holdings (BKKT) stood out with a 150% weekly jump after shedding its Loyalty Solutions division and paying off long-term debt, refocusing on core digital asset infrastructure.  The company’s restructuring has drawn renewed investor interest, and analysts upgraded its price target.

Meanwhile, other crypto stocks like Coinbase, Bullish, and Cipher Mining saw gains, while Circle pulled back slightly after a prior rally. The broader rally signals growing investor confidence in the crypto ecosystem even amid macro uncertainties.