#BTCBackto100K

Bitcoin's price has indeed surged past $100,000, driven by several factors:

- *Recent Price Movement*: Bitcoin's current price is around $103,657.19, with a 4.42% increase, after breaking the $100,000 barrier.

- *Market Dominance*: Bitcoin's market dominance has surged above 60%, reflecting growing investor confidence in Bitcoin over altcoins.

- *Institutional Inflows*: Spot Bitcoin ETFs have seen $1.8 billion in inflows over the past trading week, contributing to the rally.

- *Macroeconomic Factors*: Falling US bond yields and a weakening dollar have added to Bitcoin's appeal as a hedge.

- *Trade Deal Optimism*: A potential US-UK trade deal, hinted at by President Trump, has also driven market optimism.

*Expert Insights:*

- *Ryan Lee, Chief Analyst at Bitget Research*: Believes Bitcoin's surge to $100,000 is primarily macro-driven, fueled by expectations of Fed rate cuts and Trump's push for lower interest rates.

- *Ben Caselin, CMO at VALR*: Sees a good chance that Bitcoin will chart new highs north of $110,000 sooner rather than later, driven by institutional interest.

- *Vincent Liu, CIO at Kronos Research*: Notes that upcoming US macro data, such as CPI and budget data, will be key in determining if Bitcoin can sustain its breakout.