Bitcoin’s Back—and $100K Is in Sight

After a rollercoaster few months, Bitcoin is once again flirting with the $100,000 mark. The world’s most famous cryptocurrency surged 3.1% to hit $97,483—the highest it’s been since February.

It’s a dramatic comeback. Just weeks ago, Bitcoin was down 30% from its January high, hammered by the market chaos that followed Trump’s second-term tariff bombshell. But investor sentiment has flipped, and crypto is riding a new wave of momentum.

Spotlight on Spot Markets
This rally isn’t driven by leveraged bets or speculative froth. It’s being powered by plain old spot demand. With derivatives activity muted, it’s clear that investors are getting back into crypto through ETFs and direct buying.

ETFs tied to Bitcoin and Ether saw over $3.2 billion in inflows last week alone. BlackRock’s iShares Bitcoin Trust pulled in nearly $1.5 billion—its best week of the year. Meanwhile, options traders are piling into bullish bets, with $100,000-strike call options seeing the most open interest.

From Risk-Off to Risk-On
The recent price action marks a shift away from macro-driven panic. Tariffs and inflation fears once had traders heading for the hills, but now the tide’s turning. Dogecoin popped 4.8%, Ether rose 3.3%, and Bitcoin is again showing strength—even as it keeps bouncing between correlations with gold and equities.

Chris Newhouse of DeFi trading firm Ergonia puts it simply: “Momentum and spot demand are back in charge.”

Bottom Line
Bitcoin’s path to $100K is looking clearer by the day. With money flowing into crypto and traders favoring bullish setups, the market’s message is loud and clear: crypto winter might be thawing—again.