🔍 What drove this surge?
Several factors have contributed to the recent increase in BTC:
Stable monetary policy: The Federal Reserve kept interest rates unchanged, which generated confidence in the markets.
Expectations of trade agreements: President Donald Trump hinted at an upcoming trade agreement with the United Kingdom, which strengthened positive sentiment in the markets.
Increase in Bitcoin dominance: BTC reached a market dominance of over 60%, reflecting greater interest in Bitcoin compared to other cryptocurrencies.
Institutional flows: Significant inflows were observed in Bitcoin ETFs, indicating renewed institutional interest.
📊 What's next for Bitcoin?
With BTC consolidating above $100,000, analysts suggest that the next target could be between $120,000 and $150,000. Predictions from platforms like Polymarket and Kalshi support this bullish outlook.