The world's biggest cryptocurrency, Bitcoin (BTC), has once again reclaimed the psychologically significant mark of $100,000 for the first time since January 31, 2025, in the wake of a sustained rally amid easing global trade tensions. The leading cryptocurrency by market value is currently trading at $103,058.63, up 3.25% in the past 24 hours, with prices hitting a new high of $104,000.

BTC touched its all-time high of $109,000 on January 20, 2025, when Donald Trump was sworn in as the US President. The downfall came following a series of tariff initiatives by the Trump administration, which led to around a 39% decline in its price, hitting $75,004.68 on April 9.

Two key factors have contributed to the recent BTC rally: Trump’s announcement of a comprehensive trade deal with the U.K. and spot exchange-traded fund (ETF) inflows crossing $40 billion. BTC, after correcting almost 32% from the all-time high, formed a ‘long-legged spinning top’ candle near the key support level of $73,500 and witnessed a recovery, Zebpay's technical analysis suggests. The asset began consolidating near the down-sloping trendline and eventually broke out above the trendline and the resistance level of $90,000, rallying up to $99,330.

Ashish Singhal, Co-founder, CoinSwitch, says Bitcoin’s strong recovery reflects a global convergence of policy shifts, institutional confidence, and macroeconomic tailwinds. He said the U.S.-China and U.S.-U.K. trade talks have lifted broader market sentiment, and the steady interest rates by the U.S. Federal Reserve have helped Bitcoin as a digital risk asset.

"Institutional adoption, especially through Bitcoin ETFs, has added unprecedented credibility and demand to the ecosystem. What’s especially significant is the U.S. government’s move to establish a Strategic Bitcoin Reserve earlier this year, a historic signal that digital assets are being embraced at the sovereign level."

The development coincides with two major U.S. states, Arizona and New Hampshire, passing Bitcoin Strategic Reserve bills into law, laying out clear roadmaps for acquiring and holding Bitcoin. "This isn't just policy, it’s momentum," said Singhal.

Pankaj Balani, Co-founder and CEO, Delta Exchange, says Bitcoin has bounced back, buoyed by the Fed's decision to maintain steady interest rates. "BTC has been inching closer to the $100,000 mark, breaking free from a weeks-long period of consolidation that had kept traders on edge."

With renewed institutional interest in the digital asset, over $5 billion has flowed into Bitcoin spot ETFs, providing fresh liquidity and boosting investor confidence. Edul Patel, Co-founder and CEO of Mudrex, says whale activity has also intensified, with over 81,000 BTC accumulated in the past six weeks, signalling strong conviction. "Adding to the momentum, improving global trade relations forecast a strong economic outlook, attracting additional capital. On-chain activity supports this bullish trend, with the Bitcoin network processing $12.5 billion in transactions in a day, jumping 25% from the previous week’s average."

Such high on-chain throughput suggests more money is moving through Bitcoin, consistent with new investors and capital flow, says Patel. "If this momentum sustains, Bitcoin is likely to establish a solid support zone at current levels, potentially setting the stage for a breakout towards its all-time high of $109,200."

Terming it a pivotal moment for global markets, Bader Al Kalooti, MENASAT Head of Growth & Ops, Binance, says the current resurgence in price reflects growing investor confidence in the long-term fundamentals of crypto. "This recovery is taking place amid positive sentiments in the crypto space, such as discussions around a Strategic Crypto Reserve and the evolving stance on digital assets emerging from the White House Crypto Summit."

In India, too, the sentiment toward digital assets is undergoing a marked transformation. Kalooti says there is a visible shift from scepticism to strategic exploration. "Discussions are becoming more structured, and institutional interest continues to deepen. This is catalysed by India’s growing digital economy, a tech-savvy population, and increasing recognition of blockchain's potential across sectors, from finance to logistics."

Seeing the current rally by BTC and other major assets, crypto is evolving from a speculative asset into a cornerstone of modern portfolios, believes Sumit Gupta, Co-founder of CoinDCX. "What matters is the structural shift unfolding across the ecosystem. Consistent inflows into spot ETFs, policy moves like Bitcoin Reserve Funds, and strategic positioning by firms such as Strategy and Twenty One Capital all point in one direction."

Overall, the data suggests Bitcoin might be setting up for another strong push. The asset faces strong resistance at $100,000 and $110,000, while $90,000 will now act as a key support.