$BTC

Factors Driving Price Increase

1. Large Purchases by BlackRock

BlackRock, the largest asset management company in the world, made a Bitcoin purchase worth $4.44 billion at a price of $95,000 per BTC. This move triggered a rapid price surge reaching $100,000.

2. President Trump's Statement on Crypto-Related Trade Deal

President Donald Trump hinted at announcing a major trade deal related to cryptocurrency. This statement boosted market sentiment and pushed Bitcoin's price close to $100,000.

3. Price Prediction by Standard Chartered

Standard Chartered Bank stated that the Bitcoin price target of $120,000 for the second quarter might be too conservative, considering the influx of funds into spot Bitcoin ETFs exceeding $4 billion in the last three weeks.