The price of Bitcoin (BTC) has recently surged past the $100,000 mark, reaching a new high for 2025. This milestone increase is the result of multiple resonating factors.

First, **institutional continuous accumulation** drives market confidence. BlackRock's Bitcoin ETF (IBIT) has reached an asset scale of $34.3 billion, surpassing the gold ETF (IAU), showing traditional finance's recognition of Bitcoin.

Second, **enhanced liquidity**; in April 2025, USDT issued an additional $5 billion, and expectations for a stablecoin bill further expand the market's capital pool.

Moreover, **favorable policies** accelerate the market. New Hampshire has passed a bill allowing public funds to invest in Bitcoin, and the Trump administration has reached a trade agreement with the UK to ease market tensions, both boosting risk assets.

Finally, **interest rate cut expectations** are rising, with the Federal Reserve potentially cutting rates twice this year, further driving capital inflow into the crypto market.

Overall, the rise of Bitcoin is not only a reflection of market sentiment but also a structurally driven trend propelled by institutional allocation, policy optimization, and improved liquidity, marking the acceleration of crypto assets into the mainstream financial system.