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.
Standard 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.
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