Bitcoin has once again surged past the $100,000 mark, reaching an intraday high of $101,370—the highest level since early February 2025. This rally is attributed to renewed investor optimism following a new U.S.-U.K. trade agreement and potential progress in upcoming trade talks with China. The positive sentiment has also lifted other cryptocurrencies: Ether rose 19% to $2,170, and meme coins like Popcat and WIF saw gains of 22.7% and 18.9%, respectively.
Institutional interest has played a significant role in Bitcoin's momentum, with inflows into spot Bitcoin ETFs reaching $5.3 billion in the past three weeks, according to Standard Chartered. States such as New Hampshire and Arizona have also introduced crypto reserves, although analysts believe Wall Street’s demand is the more powerful driver.
Analysts point to potential resistance near $107,000 and a projected upside target around $120,000 if the rally continues. Conversely, if the $100,000 level fails to hold during profit-taking, prices could retrace to around $92,000, where significant technical support lies.
