Bitcoin is experiencing a surge in market dynamics.

The leading cryptocurrency has reached a noteworthy milestone, now classified as the seventh-largest asset in the world, having outpaced oil behemoth Saudi Aramco. Its market dominance climbed to 61.38%, and prices exceeded $93,000 during the week.

A significant contributor to this uptick is the pro-cryptocurrency platform of President-elect Donald Trump during the recent election race. With the Republicans winning the House, this development positively impacts the crypto sector due to anticipated regulatory benefits.

Additionally, the inflow of funds into U.S. spot-listed exchange-traded funds has been remarkable, with over $4.7 billion in net inflows observed over the last six trading days. This encompasses a record daily inflow surpassing $510.1 million on Wednesday alone, bringing the total since January to $28.2 billion, as per Farside data.

Despite some skepticism surrounding these inflows, many believe they are driven by growing investor interest in physical ETF products.

Analyst Checkmate supports this notion, stating, "The Bitcoin ETFs are by far the majority driving force of bitcoin demand right now, soaking up almost all of the selling by Long-Term Holders."

Moreover, BlackRock's iShare Bitcoin Trust (IBIT) is recording unprecedented trading volumes, recently surpassing $5 billion, as highlighted by Eric Balchunas. "I thought things were cooling off, but no, IBIT just saw $5b in volume today for the first time ever..."

The interest is also mirrored in Ethereum (ETH), which has seen an additional $146.9 million inflow, raising the total net inflow to $241.7 million according to Farside data.