Bitcoin nearly hits an all-time high of $104,900 amid positive US-China trade talks indicated by Trump. Factors including Fed interest rate signals and rising ETF inflows bolster Bitcoin’s momentum. Corporate adoption is also increasing, with new initiatives aiming to capitalise on Bitcoin’s potential. Analysts stress this isn’t a speculative surge but reflects robust demand.
Bitcoin has made headlines once again, soaring to a remarkable high of $104,900 on Saturday night—just a whisker away from its historic peak. The surge comes on the heels of President Donald Trump’s comments about significant advancements in US-China negotiations, which took place during a meeting in Switzerland. TradingView’s data indicates that the excitement has helped Bitcoin’s momentum significantly as traders reacted positively.
In a statement shared via Truth Social, Trump described the meetings as productive and amiable. He mentioned a “total reset” in US-China relations and hinted at renewed efforts to access Chinese markets for American businesses. His post read, “Many things discussed, much agreed to… We want to see, for the good of both China and the US, an opening up of China to American business. GREAT PROGRESS MADE!!!”
This news seemed to suggest easing global tensions, which helped fuel Bitcoin’s ongoing bullish trend. Prior to this, Bitcoin had already been gaining momentum due to macroeconomic factors and institutional interest earlier in the week. The cryptocurrency briefly exceeded the $99,000 mark mid-week before pushing past the $100,000 threshold.
Analysts at Bitfinex have pointed out that the recent leap above this key psychological marker showcases real demand rather than mere speculative trading. They asserted, “Bitcoin’s move back above $100K is a clean breakout driven by strong fundamentals and improved macro optics. The Fed has indicated a readiness to cut rates if necessary, easing tariff concerns. This creates a ‘policy optionality’ regime that’s bullish.”
Supporting their assertion, analysts highlighted strong spot ETF inflows, a healthy on-chain accumulation trend, and decreasing exchange balances. They reported, “Under the surface, spot ETF flows remain firm, especially during U.S. trading hours. The open interest is high but not excessive, and funding is neutral—indicative of real demand, not leveraged speculation.”
This week saw US-listed spot Bitcoin ETFs perform impressively, accumulating more than $1 billion in total inflows. BlackRock’s iShares Bitcoin Trust solidified its status as the largest Bitcoin fund, consequently extending its winning streak to an impressive 19 consecutive trading days.
“This isn’t just a melt-up; it’s a move backing structural support. As long as ETF and institutional inflows continue and macro conditions hold steady, any dips may prove short-lived. The path of least resistance points higher,” analysts commented.
On another front, corporate adoption of Bitcoin is noticeably on the rise. Notable firms like Strategy, MARA Holdings, and Metaplanet are continuing their accumulation. Earlier this week, Strive Asset Management, which has backing from Vivek Ramaswamy, announced a merger with Asset Entities to form a Bitcoin treasury company aiming for up to $1 billion in equity and debt funding.
Furthermore, BTC Inc.’s CEO David Bailey raised an impressive $300 million for a new venture, Nakamoto. This funding comprises $200 million in equity alongside $100 million in convertible debt, with plans to go public via a merger with an existing Nasdaq-listed company.
Joe Burnett, Director of Market Research at Unchained, noted, “While short-term volatility is expected, the long-term trajectory is clearly upward. This trend mirrors stability in the US equity markets, increased global liquidity, and a growing acknowledgement of Bitcoin as a scarce monetary asset.”
Moreover, Cantor Fitzgerald has teamed up with Tether and SoftBank to unveil Twenty One, a new Bitcoin-native firm. Under the leadership of Jack Mallers, the firm intends to accumulate over 42,000 BTC and create new financial products designed specifically for the Bitcoin standard. This signals an exciting new chapter for Bitcoin’s role in both corporate strategy and the wider financial landscape.
