$BTC
Bitcoin has surged past $100,000 for the first time since February 2025, reaching as high as $101,075 today, driven by renewed institutional investment, macroeconomic uncertainty, and growing confidence in digital assets. Standard Chartered’s Head of Digital Assets, Geoffrey Kendrick, revised his previous $120,000 price forecast, now suggesting it may be too low, as investor demand continues to outpace expectations. The rally is further fueled by the U.S. government's pro-crypto stance, including President Trump's establishment of a Strategic Bitcoin Reserve in March, aimed at positioning the U.S. as the "crypto capital of the world." Meanwhile, Bitcoin miner Hut 8 reported a 79% increase in hashrate despite a $134.3 million net loss in Q1 2025, highlighting the industry's resilience and long-term growth strategies.
