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$BTC In the latest developments of Bitcoin (BTC), the digital currency has seen a significant rise, surpassing the $100,000 mark for the first time since February 2025, recording its highest level at $104,000.

Factors influencing this rise:

1- Improved investor sentiment: The announcement of a preliminary trade agreement between the United States and the United Kingdom has boosted investor confidence, pushing them towards high-risk assets like Bitcoin.

2- Institutional investment flows: Bitcoin exchange-traded funds (ETFs) have seen net inflows exceeding $5.3 billion over the past three weeks, reflecting increased interest from financial institutions.

3- Supportive legislation for digital currencies: U.S. states like Arizona and New Hampshire have enacted laws allowing the holding of reserves in digital currencies, reflecting a growing governmental trend towards adopting digital assets.

In the end, some financial institutions, such as Standard Chartered, expect the price of Bitcoin to reach $120,000 in the second quarter of 2025, with the potential for this estimate to be conservative given the current momentum.