#BTCBackto100K 🔍 Factors Driving Price Increases
1. US-UK Trade Agreement
The announcement of a trade agreement between US President Donald Trump and UK Prime Minister Keir Starmer has boosted market sentiment. This agreement is seen as a positive step in easing global trade tensions, encouraging investors to return to riskier assets like Bitcoin.
2. Increased Institutional Interest
In the last three weeks, inflows into spot Bitcoin ETFs have reached $5.3 billion, indicating strong interest from institutional investors. Additionally, major investment firms like Strategy plan to allocate up to $84 billion for Bitcoin acquisitions.
3. Fed's Monetary Policy
The Federal Reserve kept interest rates in the range of 4.25%–4.50%, in line with market expectations. This policy provides additional support for riskier assets, including Bitcoin.
4. Accumulation by Large Investors (Whales)
On-chain data shows that large investors continue to accumulate Bitcoin, reflecting confidence in the long-term prospects of this asset.