#BTCBackto100K Bitcoin's price is currently above $100,000, specifically at $102,612.31, with a 3.90% increase. This surge is attributed to several factors ¹ ²:

- *US-UK Trade Deal*: A newly announced trade agreement between the US and the UK has boosted investor confidence across global markets.

- *Federal Reserve Interest Rates*: Expectations of a potential 25 basis points cut in the next FOMC meeting in June are contributing to the price rally.

- *Institutional Investment*: Growing interest from institutional investors, particularly since the approval of spot Bitcoin ETFs, is providing solid support for the price increase.

Some key statistics include ¹:

- *Market Cap*: $1.93 trillion

- *Open Price*: $98,758.01

- *High Price*: $104,145.76

- *Low Price*: $98,532.02

The cryptocurrency market's total capitalization has also crossed $3 trillion, with Ethereum surging over 14% to $2,050 and other major cryptocurrencies like Solana, XRP, and Cardano posting significant gains ³.