Bitcoin Price Surpasses $100,000, Opening the Door to New Market Dynamics

Bitcoin price today breached the $100,000 threshold for the first time, hitting a new all-time high of $100,170.60 on crypto exchange Bitstamp. This milestone follows weeks of relentless upward momentum that has seen the world’s largest cryptocurrency shatter multiple institutional price targets.

The cryptocurrency is currently trading at $99,800, still holding above the $90,000 support level that was tested earlier this week.

US-UK trade deal spurs broader crypto market rally

The US-UK trade deal, which signals potential de-escalation of global trade tensions, has improved risk appetite across financial markets. This, in turn, could support further gains in crypto prices.

Meanwhile, US Treasury Secretary Scott Bessent’s trip to Switzerland to meet with China’s Ministry of Commerce officials has sparked additional optimism.

“The current tariffs and trade barriers are unsustainable, but we don't want to decouple,” Bessent stated during his announcement.

These diplomatic initiatives have contributed to a broader cryptocurrency market rally, with total market capitalization rising approximately 2.5% in the last 24 hours to reach $3.09 trillion today.

Fed holds rates despite presidential pressure

The Federal Reserve's decision to keep interest rates unchanged this week, despite mounting pressure from President Trump, has also contributed to Bitcoin's resilience.

The president recently threatened to fire Fed Chair Jay Powell for being “too late” in cutting rates. Powell defended the Fed's position, noting that “inflation has come down a great deal but has been running above our 2% longer-term objective.”

Following Powell's remarks, Bitcoin initially dipped below $97,000 but quickly rebounded, demonstrating resilience that carried into today's milestone achievement.

Several major financial institutions maintain bullish projections for Bitcoin's future.

Standard Chartered, through analyst Geoff Kendrick, forecasts Bitcoin reaching $120,000 by the second quarter of this year and $200,000 by the end of 2025. Their long-term outlook suggests $500,000 by 2028.

Matthew Sigel of VanEck has projected a peak around $180,000 in 2025 under a dual-cycle scenario. While VanEck hasn't specified an official 2030 target, they anticipate new highs beyond 2025, potentially exceeding $400,000 in the next cycle.

Perhaps most bullish is ARK Invest, led by Cathie Wood, which maintains a base case of $1.2 million by 2030, with an optimistic scenario of $2.4 million and a conservative estimate of approximately $500,000.

As Bitcoin establishes itself above $100,000, investors are watching to see whether this psychological threshold becomes a new support level for further advances toward these institutional projections.