#BTCBackto100K Bitcoin's price surged past $100,000, driven by renewed optimism about easing trade tensions between the US and UK, continued spot crypto ETF inflows and an improving global macro outlook. The current price stands at $102,645.86, with a 3.44% increase and a market cap of $1.93 trillion. Key drivers include ¹ ²:
- *Institutional Investment*: Massive inflows into US spot Bitcoin ETFs, reflecting growing interest from high-net-worth individuals and corporations.
- *Macroeconomic Factors*: Falling US bond yields and a weakening dollar have added to Bitcoin's appeal as a hedge.
- *Trade Optimism*: US-UK trade deal announcements have boosted risk-on sentiment.$BTC