#BTCBackto100K Bitcoin has indeed broken back above the $100,000 mark, driven by optimism surrounding fresh US-China trade talks and renewed institutional demand. This milestone, last seen in mid-February, comes after the cryptocurrency surged past the psychologically important $100,000 level.

*Current Price:* $101,066.91

*Key Factors Contributing to the Rally:*

- *Trade Talk Optimism*: Expectations of Fed rate cuts and Trump's vocal push for lower interest rates have bolstered risk assets.

- *Institutional Demand*: Spot-Bitcoin exchange-traded funds recorded $142 million of net inflows, signaling institutional buyers are back.

- *Macro Backdrop*: The Federal Reserve's decision to hold rates steady removed a key overhang for risk assets.¹

*Market Predictions:*

- Standard Chartered's digital asset chief, Geoff Kendrick, reiterated his year-end target of $120,000, calling it "possibly too conservative" if geopolitical tensions continue to push capital away from US equities.

- Some analysts see potential for Bitcoin to chart new highs, north of $110,000, as the asset seeks to consolidate its value above $100,000.²