$BTC Bitcoin (BTC) has recently experienced a significant resurgence, surpassing the $100,000 mark for the first time since February 2025. As of today, it is trading around $104,000, reflecting a 10.4% increase over the past week .

Key Drivers Behind Bitcoin's Rally

1. Institutional Investments and ETF Inflows

Institutional interest has been a major catalyst for Bitcoin's recent surge. Spot Bitcoin ETFs have attracted over $5.3 billion in inflows over the past three weeks, indicating strong demand from institutional investors . Notably, Strategy, led by Michael Saylor, has announced plans to invest an additional $84 billion in Bitcoin acquisitions .

2. Legislative Developments in the $U.S.

Several U.S. states are embracing cryptocurrency. Arizona and New Hampshire have enacted laws permitting state involvement with cryptocurrencies. New Hampshire's House Bill 302 allows officials to invest up to 5% of public funds in major cryptocurrencies and precious metals . These legislative moves are seen as steps toward broader adoption and integration of digital assets into the financial system.

3. Corporate Acquisitions

Coinbase has announced a $BTC $2.9 billion acquisition of Deribit, a leading crypto derivatives exchange. This move aims to position Coinbase as a dominant player in the crypto derivatives market .

4. Global Trade Developments

Positive developments on the global trade front, including anticipated trade deals between the U.S. and the U.K., as well as resumed trade talks with China, have improved investor sentiment. These geopolitical factors have contributed to the rally in risk assets, including Bitcoin .

5. Corporate Bitcoin Holdings

Japan's Metaplanet has purchased an additional $BTC 1,241 BTC, bringing its total holdings to nearly 6,800 BTC. This acquisition positions Metaplanet as Asia's largest corporate Bitcoin holder, surpassing even El Salvador .