#BTCBackto100K

Bitcoin has reclaimed the $100,000 mark for the first time since February 2025, reaching an intraday high of $101,370 on May 8, 2025. This resurgence follows a period of approximately 90 days below this threshold, during which the cryptocurrency dipped to nearly $74,000 in early April amid global market turmoil triggered by U.S. “Liberation Day” tariffs.  The recent rally is attributed to renewed investor confidence spurred by a newly announced U.S.-U.K. trade deal, signaling a potential easing of trade tensions. Additionally, institutional demand has intensified, with Standard Chartered reporting $5.3 billion in inflows into spot Bitcoin ETFs over the past three weeks.  While Bitcoin’s current price remains below its January peak of over $109,000, analysts are optimistic. Standard Chartered’s Kendrick has raised his Q2 price target to $120,000, citing factors such as strategic asset reallocation, strong whale accumulations, and favorable regulatory developments.  As Bitcoin continues its upward trajectory, market participants are closely monitoring these developments, anticipating potential new all-time highs in the near future.