Bitcoin Smashes Through $100K Again—Trade Hopes and ETF Cash Fire Up Bulls

Wall Street’s latest ’safe haven’ play—pumping crypto ETFs while shorting volatility—just lit the fuse on Bitcoin’s resurgence. Retail FOMO meets institutional greed, and suddenly six figures feels like the new floor.

Behind the surge: Whispered trade détente between economic superpowers (because nothing says ’risk-on’ like politicians pretending to play nice) and a flood of fresh capital into spot ETFs. The suits finally figured out how to buy the dip—three years late.

Bonus cynicism: Watch traditional finance claim they ’always believed in crypto’s potential’ as they quietly roll out overpriced custody solutions.

Why is the Bitcoin Price Rally Happening Now?

• Trade détente hopes. Treasury Secretary Scott  Bessent’s planned meeting with Chinese officials in Switzerland — framed as a bid to “de‑escalate” tariff tensions — has reignited risk appetite across global markets.
  
• ETF money is flowing again. Spot‑Bitcoin exchange‑traded funds recorded $142 million of net inflows on Wednesday, reversing the prior day’s outflows and signalling institutional buyers are back.
  
• Macro back‑drop. The Federal Reserve’s decision yesterday to hold rates steady at 4.25‑4.50 % removed a key overhang for risk assets, according to market strategists at eToro and Wincent.
  

Price Forecasts Heat Up

Standard Chartered’s digital‑asset chief Geoff Kendrick reiterated his year‑end target of $120,000, calling it “possibly too conservative” if geopolitical tensions continue to push capital away from U.S. equities.

BTC’s breakout triggered nearly $300 million in short liquidations across major derivatives venues, wiping out $116 million in Bitcoin positions alone, CoinGlass figures reveal. Large‑cap altcoins followed suit: Ether briefly reclaimed $2,000, and Dogecoin jumped above $0.18.

Despite lower volatility — Bitcoin’s 30‑day historic volume hovers at an 18‑month low — correlations with the S&P 500 have risen back toward 0.9, a reminder that macro shocks could still derail the rally.