$BTC Bitcoin (BTC) has recently surged past the $100,000 mark, reaching an intraday high of $103,978, driven by renewed investor confidence and significant institutional inflows. This rally follows a period of volatility influenced by global trade tensions and regulatory uncertainties. Notably, President Trump's executive order establishing a Strategic Bitcoin Reserve has bolstered market sentiment, positioning the U.S. as a leading crypto-friendly nation. Additionally, Coinbase's $2.9 billion acquisition of Deribit, a major crypto derivatives platform, underscores the growing institutional interest in Bitcoin. Analysts project that Bitcoin could reach $120,000 in the near term, reflecting its strengthening role as a hedge against traditional market fluctuations.