Bitcoin jumped to $104,325, nearing just 3.79% from its all-time high recorded in January at $108,786, driven by positive developments in trade talks between the United States and China.
The White House announced on May 11 a 'significant progress' in negotiations, igniting a wave of optimism in the markets and pushing investors towards digital assets. This coincided with strong institutional flows exceeding $1.7 billion into Bitcoin funds over the past month, according to SoSoValue data.$BTC
Analysts believe that the anticipated official statement on May 12 could trigger a new upward wave, with the possibility of setting a historical price peak if the current momentum continues.
