The cryptocurrency market has experienced significant bullish momentum over the last 24 hours, with Bitcoin surpassing $94,000. This surge is largely attributed to substantial inflows into US spot Bitcoin exchange-traded funds (ETFs), which recorded their largest daily net inflows since October, totaling $697.25 million on Monday. BlackRock's IBIT and Fidelity's FBTC led these inflows, contributing to a two-day cumulative total exceeding $1.16 billion for 2026. The overall cryptocurrency market capitalization has expanded to over $3.2 trillion. Further bolstering institutional confidence, Morgan Stanley has filed S-1 registration statements with the SEC for new spot Bitcoin and Solana ETFs, signaling a deeper push by traditional financial players into regulated crypto products. This institutional engagement, coupled with strong market performance, suggests a renewed risk appetite and optimistic outlook for the crypto market in early 2026.