#BTCBackto100K
Bitcoin (BTC) has surged back above the $100,000 mark, reaching an intraday high of $101,370 on May 8, 2025 .
This rally is attributed to several factors:
Trade Deal Optimism: A new U.S.-U.K. trade agreement has improved market sentiment, easing concerns over global trade tensions .
Institutional Investment: Significant inflows into Bitcoin ETFs, totaling $5.3 billion over the past three weeks, indicate growing institutional interest .
Market Dynamics: Bitcoin's performance is increasingly seen as a hedge against traditional market volatility, attracting investors seeking alternative assets .
Analysts remain optimistic, with Standard Chartered revising its Q2 2025 forecast upward, suggesting that Bitcoin could reach $120,000 in the near term and potentially $200,000 by the end of the year .
However, it's important to note that the market remains volatile, and while the current trend is positive, investors should exercise caution and stay informed about ongoing economic developments.