Bitcoin Price Briefly Hits $100,000 as Trade Diplomacy Resumes
Bitcoin’s price surged past the $100,000 mark for the first time since February, according to data from CoinGecko. This rise coincides with President Donald Trump’s announcement on Truth Social regarding a “major trade deal” and the upcoming visit of U.S. Treasury Secretary Scott Bessent to Switzerland for the first formal talks with China since the imposition of new tariffs.
Stable Fed Policy and ETF Inflows Fuel Market Confidence
The Federal Reserve’s decision to maintain interest rates at 4.25%–4.5% has contributed to optimism in financial markets. Fed Chair Jerome Powell emphasized economic resilience despite “heightened uncertainty,” reinforcing investor confidence. On Wednesday, Bitcoin ETFs saw $142 million in inflows, led by Ark Invest’s ARKB which alone drew $54.7 million.
Standard Chartered Projects $120,000 Price Target
Geoff Kendrick of Standard Chartered reaffirmed his Q2 price target of $120,000 for Bitcoin, citing strong institutional momentum. He noted that major players such as Abu Dhabi’s sovereign wealth fund and the Swiss National Bank are increasing their exposure, adding credibility to the bullish trend.
Institutional Demand and Global Diversification Trends
Peter Chung of Singapore-based Presto observed that global institutions are increasingly viewing Bitcoin as a hedge against the US dollar amid trade instability. This is reflected in growing ETF participation and direct holdings by funds and central banks. According to Marco Lim of Solowin Holdings, Bitcoin’s trajectory toward $120,000 is closely tied to expectations of interest rate cuts.
Market Sentiment and Prediction Platforms Align on Bullish Outlook
LMAX Group strategist Joel Kruger stated that the Crypto Fear and Greed Index, currently at 65, reflects widespread optimism. On the decentralized prediction platform Myriad, 91% of users expect the index to stay above 65, reinforcing the bullish atmosphere in the crypto market.
Source: Decrypt, CoinGecko, Truth Social, Standard Chartered, Federal Reserve, LMAX Group