Bitcoin hits $100,000 following a surge driven by economic signals, political developments, and investor confidence. Over the weekend, the price approached $104,900, just 4% below its all-time high, according to TradingView.
Momentum began mid-week after Federal Reserve Chair Jerome Powell reassured markets. He stated that the central bank is ready to cut interest rates if needed. This comment came during a press briefing on May 7, following a period of stable inflation data and easing tariff concerns.
Markets reacted quickly. Bitcoin hits $100,000 just days later, building on a strong Wednesday rally that saw prices top $99,000.
Adding to the bullish momentum, President Donald Trump announced significant progress in U.S.-China talks. During a meeting in Switzerland, Trump called the discussions “constructive and friendly” and noted a “total reset” in relations. He emphasized renewed efforts to open Chinese markets to U.S. businesses. This statement helped ease global tension and further boosted investor optimism.
Analysts at Bitfinex credited the move to strong underlying demand. “This price level reflects real interest, not just hype,” one analyst said. On-chain data shows consistent accumulation, while exchange balances are falling—both signs of real investment.
ETF activity also played a major role. U.S.-listed spot Bitcoin ETFs saw inflows of over $1 billion this week. According to Farside Investors, net inflows hit $920 million across four out of five trading days. The data points to growing institutional trust in Bitcoin’s long-term value.
BlackRock’s iShares Bitcoin Trust led the charge. The fund extended its winning streak to 19 consecutive sessions, reinforcing its role as the dominant ETF in the space.
Altogether, these factors have created a powerful upward push. Institutional interest, political calm, and supportive monetary policy combined to lift the market. As a result, Bitcoin hits $100,000—a milestone that signals growing confidence and sustained strength in the crypto economy.
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