Bitcoin price reaches $ 100,000 for the first time since February

Bitcoin He reached the territory of $ 100,000 for the first time since February, while the US

According to Coingcko data, the main cryptocurrency briefly crossed the $ 100,000 before going back at its current price of around $ 99,500, an increase of 2.6% in the day and 3.5% in the week.

An “important commercial agreement” suggested by the US president, Donald Trump, on the Truth Social Social Network platform, would mark a diplomatic milestone after the economic agitation caused by the tariffs imposed as part of his “day of liberation day” agenda.

The news comes while the US Secretary of the USA. Besent has suggested that the conversations will be about “unworth”, instead of a comprehensive commercial agreement.

But Standard Chartered analyst, Geoff Kendrick, thinks that Bitcoin will easily climb even more before the end of June. “My specific objective of $ 120,000 for the second quarter seems very attainable,” he wrote in a shared note with Decrypt.

He also noted that the deadline for large institutional investors arrives next week, which means that all ETF, Microstrategy and other heavyweights of Wall Street will reveal how much exposure to Bitcoin they have in their balances.

“At the end of December, Abu Dhabi’s sovereign background had a small position equivalent to 4,700 bitcoins in Ibit. I would expect that to have increased and that other buyers in the long term have also joined,” Kendrick said. “It is notable that the Swiss National Bank recently began buying Mstr, joining the Pension Fund of Norway.”

At the end of his note, Kendrick seemed to have convinced that his price objective of $ 120,000 of Bitcoin could be too conservative.

“I apologize if my $ 120,000 goal for the second quarter can be too low,” he concluded.

Bitcoin recovered from around $ 94,000 earlier this week, following the update of the Federal Reserve policy on Wednesday in which he left interest rates without changes. The president of the Fed, Jerome Powell, said a “high uncertainty” while praising the “solid position” of the US economy.

Marco Lim, managing director of Solowin Holdings and founding partner of Maicapital, told Decrypt That Bitcoin’s capacity to reach $ 120,000 has a lot to do with how the Federal Reserve manages policy in the coming months.

“The potential that Bitcoin reaches $ 120,000 is closely linked to the decisions of interest rates of the Federal Reserve,” he said. “If the market is considering three rates cuts, this could significantly boost the price of Bitcoin, especially after trying and breaks the level of resistance of the $ 100,000.”

The feeling between cryptocurrency traders has changed upwards, with the crypto fear and greed index in 65, pointing to greed, compared to the neutral position last week. “The crypto fear and greed index reflects high optimism among investors, reinforcing an upward feeling in the market,” said the market strategist of the LMAX group, Joel Kruger, in a shared note with Decrypt. The feeling of risk has been strengthened by “the reduction of geopolitical risks, including the renewed commercial conversations between the USA and China and the reduced tensions in the dynamics of global trade”, as well as “a solid institutional interest,” Kruger added.

In the Myriad decentralized Prediction market (launched by the parent company of Decrypt Dastan), it is expected that this optimism persists, with 91% that expects the index to remain above 65 at the end of Friday.

The flows to the Bitcoin ETFs also became positive on Wednesday with $ 142 million in tickets, after departures of $ 85 million on Tuesday. According to Farside Investors data, ARKB of Ark Invest represented most of the tickets on Wednesday, attracting $ 54.7 million.

Cryptocurrency ETFs have been great beneficiaries of large -scale asset managers who have been receptive to the idea of ​​BTC as a way of diversifying their portfolios, according to Peter Chung, head of investigation of the firm of algorithmic trading of cryptocurrency -based cryptocurrencies based in Singapur Presto.

“Global institutions now realize the need to diversify away from the USD assets, which would benefit both Gold and Bitcoin,” he said to Decrypt. “The main economies around the world are all hurrying to provide a monetary impulse to counteract growth slowdown in the midst of tariff wars, which will benefit risk assets such as bitcoin.”

Edited by Stacy Elliott.