Bitcoin ($BTC BTC) has recently surpassed the $100,000 mark, trading at approximately $103,970, reflecting a 0.11% increase from the previous close. The intraday high reached $104,923, while the low was $103,445.
๐ Market Drivers
Trade Agreements: The recent U.S.โU.K. Economic Prosperity Deal and easing U.S.โChina trade tensions have bolstered investor confidence, contributing to Bitcoin's upward momentum. CoinDesk
Institutional Inflows: Significant capital inflows into digital asset funds, including $1.8 billion into Bitcoin products over the past three weeks, indicate strong institutional interest. Reuters
State-Level Adoption: New Hampshire's legislation to allocate up to 5% of public funds into Bitcoin and other digital assets reflects growing governmental acceptance.