#BTCBackto100K Main Growth Factors
US-UK Trade Agreement: The announcement of a new trade agreement between the US and the UK has led to increased optimism in the market, positively impacting the price of bitcoin.
Institutional Investments: In the last three weeks, $5.5 billion has flowed into digital asset funds, of which $1.8 billion was in bitcoin products, indicating growing interest from institutional investors.
Decreased Correlation with Traditional Assets: Analysts note that bitcoin is showing a change in correlations with traditional asset classes, particularly a strong inverse correlation with the steepness of the treasury yield curve, making it more attractive as a portfolio diversifier.
