Bitcoin Smashes Through $100k Again—Here’s What’s Fueling the Rally
BTC’s back with a vengeance, punching past six figures as institutional FOMO meets perfect storm of bullish catalysts. Traders who sold the dip are now chewing their keyboards.
The macro squeeze play: With the Fed’s balance sheet ballooning (again) and real yields collapsing, whales are piling into crypto as the ultimate inflation hedge. Goldbugs weep into their safety-deposit boxes.
ETF effect on steroids: BlackRock’s spot BTC fund just crossed $50B AUM—turns out Wall Street’s ’rat poison’ narrative works better as a dipping sauce.
Halving hype delivers: Four months post-supply cut, miner capitulation is over and on-chain data shows coins moving to cold storage. Textbook scarcity play.
Cynical take? The SEC’s lawsuit against Coinbase conveniently stalled just long enough for VCs to reload their bags. How... efficient.
Bitcoin Retakes $100,000 For 1st Time In Nearly Three Months
On Thursday, Standard Chartered Bank digital asset head Geoffrey Kendrick made an interesting observation about his bitcoin projection. Specifically, he apologized for his previous $120,000 Q2 target. Indeed, he noted that the forecast “may be too low.”
Since that statement was made, the leading cryptocurrency has been on a tear. Specifically, Bitcoin surged beyond the $100k level for the first time since February, but why is BTC up today? There are several reasons, but one key appears to be the recently announced trade deal between the US and the UK.
Global markets have been down since the United States announced America-first tariff plans. It was renegotiating with nations as citizens feared the isolation that came with the protectionist approach. However, the UK trade deal quells those fears, showing new deals to balance trade to the administration’s liking are possible.
The announcement triggered a run for the entire sector. ethereum jumped 12%, Solana increased 9%, and Dogecoin has skyrocketed 11% since the new deal was announced. Yet, Bitcoin appears to have been hardly harmed by the original tariff plan.
Since its announcement on April 3rd, the asset is up 16%. Moreover, it has outperformed nearly all global markets. If anything, its jump today proves that the crypto is among the most promising investments available in a down 2025.
