#BTCBackto100K
š Bitcoin Breaks $100K Again: Bullish Momentum Builds
Bitcoin (BTC) has surged past the $100,000 mark for the first time since February 2025, reaching an intraday high of $101,370. This milestone reflects renewed investor confidence and a broader ārisk-onā sentiment in the markets. ļæ¼ ļæ¼
The rally is attributed to several factors:
ā¢ Institutional Inflows: Spot Bitcoin ETFs have seen significant inflows, with $5.3 billion entering in the past three weeks, indicating strong institutional interest. ļæ¼
ā¢ Macroeconomic Factors: Easing trade tensions, particularly a new U.S.-U.K. trade agreement, have bolstered market optimism. ļæ¼
ā¢ Market Dominance: Bitcoinās market dominance has surpassed 60%, the highest since early 2021, signaling a shift in investor preference towards BTC over altcoins. ļæ¼
Analysts suggest that if Bitcoin maintains support above $100,000, it could target previous highs around $109,000 and potentially reach $120,000 in the near term. ļæ¼
