#BTCBackto100K Bitcoin Surges Past $100K: A New Bull Phase Begins

Bitcoin (BTC) has reclaimed the $100,000 mark for the first time since February 2025, reaching an intraday high of $101,370 on May 8. This resurgence is fueled by a confluence of macroeconomic and institutional factors, signaling renewed investor confidence.  

Key Drivers Behind the Rally:

• U.S.-U.K. Trade Agreement: The announcement of a new trade deal between the United States and the United Kingdom has alleviated global trade tensions, boosting market sentiment. 

• Institutional Inflows: Significant investments into spot Bitcoin ETFs, totaling $5.3 billion over the past three weeks, indicate strong institutional demand. 

• State-Level Crypto Legislation: Arizona, Oregon, and New Hampshire have passed laws supporting state-level Bitcoin reserves, enhancing regulatory clarity and adoption. 

As Bitcoin approaches its previous all-time high of $109,000, market analysts are optimistic about its trajectory, with some forecasting potential targets of $120,000 in the near term.

Note: Cryptocurrency investments carry inherent risks. Investors should conduct thorough research and consider their risk tolerance before making investment decisions.

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