Bitcoin Price Hits $100,000 for First Time Since February
Bitcoin briefly surpassed $100,000 for the first time since February, currently priced around $99,500, reflecting a 2.6% daily increase. U.S. trade talks with China and a potential deal with the UK are influencing market sentiment. President Trump hinted at a major trade deal, while Treasury Secretary Scott Bessent prepares for discussions aimed at de-escalation of trade tensions. Analyst Geoff Kendrick predicts Bitcoin could reach $120,000 by the end of June, citing increased institutional interest and upcoming disclosures from major investors. The Federal Reserve's interest rate decisions are also seen as pivotal for Bitcoin's price trajectory. The Crypto Fear and Greed Index indicates heightened optimism among traders, with positive inflows into Bitcoin ETFs totaling $142 million. Institutions are diversifying portfolios away from USD assets, benefiting Bitcoin and gold amid global economic uncertainties.
