#BTCBackto100K 🍒🍒🐂🐂

Bitcoin's price has indeed surged past $100,000, driven by optimism over US-China trade talks and renewed institutional demand. Here are some key points about this milestone ¹ ²:

- *Current Price*: Bitcoin's current price is around $101,321.99, with a 5.25% increase in the last 24, according to the latest data from Finnhub.

- *Market Dominance*: Bitcoin's dominance in the cryptocurrency market has surged above 60%, reflecting potential bearish sentiment for altcoins.

- *Factors Driving the Rally*: The price surge is attributed to ¹ ³:

- *Trade Deal Optimism*: US President Trump's announcement of a potential trade deal with the UK and ongoing US-China trade talks.

- *Institutional Demand*: Spot Bitcoin exchange-traded funds recorded significant net inflows, indicating renewed interest from institutional investors.

- *Macroeconomic Factors*: The Federal Reserve's decision to hold interest rates steady and a weakening dollar have also contributed to the rally.

- *Future Outlook*: Experts predict Bitcoin could reach $120,000 by year-end, with some analysts forecasting further growth beyond 2025 due to global crypto regulation progress and strategic Bitcoin reserve initiatives ¹ ³.#