Bitcoin (BTC) Receives the Ultimate Trigger That Could Send It Skyrocketing to an ATH

Bitcoin (BTC), the leading digital currency, has received the ultimate trigger that could make it skyrocket to an all-time high (ATH) if buying momentum is sustained.

Bitcoin (BTC) received the ultimate trigger that could see it skyrocket to an all-time high (ATH) if buying momentum is sustained.

This, after U.S. and China reached a trade deal that might benefit the broader financial market, crypto enthusiast Michael van de Poppe highlighted in a post he shared with the community.

According to van de Poppe, the broader financial market is signaling positive sentiment as there are indications of a trade deal between the U.S. and China. This suggests that the global market will likely witness reduced tension and improved trade relations.

Following negotiations over the weekend, both countries have lowered tariffs to 30% for 90 days until a further review is completed.

This development could improve the outlook for the broader financial market and benefit risk assets like Bitcoin.

Notably, the macroeconomic environment might see a reduction in inflation rates, lower interest rates and general market stability. As concerns over tariffs ease, the global market is likely to see calmer investor push.

Such a scenario might favor Bitcoin to rise toward new peaks that could see it flip the ATH of $109,114.88 it attained on Jan. 19, 2025. The asset has already achieved a new ATH against the NASDAQ.

Interestingly, Bitcoin reached a high of $105,747.45 momentarily in the last 24 hours before witnessing a correction. As of press time, Bitcoin is changing hands at $105,219, a 1.56% increase in the period under consideration.

Despite the correction, investors are still actively engaged, as trading volume has climbed by 13.12% to $50.43 billion. This suggests that traders keep accumulating BTC, as many anticipate an upward trajectory.

While the optimists adjust their outlooks, a new report from Goldman Sachs reveals a massive institutional investment in a Bitcoin ETF.

The investment bank expanded its portfolio with 30.8 million shares of Bitcoin ETF, amounting to $1.4 billion. This investment was made through BlackRock’s IBIT exchange-traded fund (ETF).

The contribution places Goldman Sachs as the largest holder in the asset manager’s firm. Among the top 20 largest institutional investors, only two have no exposure to the U.S. stock market, while 13 do not hold any bonds.

This move by Goldman Sachs highlights the growing interest among institutional investors in cryptocurrencies. As the industry continues to develop, we can expect to see even more institutions enter the market in the coming years.