Bitcoin Price Breaks Back Above $100,000 as Trade‐Talk Optimism and ETF Inflows Ignite Rally

By: crypto news|2025/05/08 22:00:11
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The Bitcoin price surged past the psychologically important $100,000 mark on Thursday, spurred by optimism over fresh U.S. – China trade talks and renewed institutional demand. The milestone, last seen in mid‐February, came during mid‐morning trading before prices cooled to just under the threshold.Bitcoin’s intraday price high hit roughly $100,131, with a session low near $95,959. Even after slipping back to about $99,300, BTC remains up more than 30 % from its April trough, when President Trump’s “Liberation Day” tariffs rattled risk assets. 24h7d30d1yAll timeWhy 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 UpStandard 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. You might also like: Complete Bitcoin (BTC) Price Prediction 2025 – 2030 The post Bitcoin Price Breaks Back Above $100,000 as Trade‐Talk Optimism and ETF Inflows Ignite Rally appeared first on Cryptonews.

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