Bitcoin Surges Near $99,300 Amid Trade, ETF Optimism

Bitcoin's price surged to nearly $99,300, driven by renewed institutional interest, aggressive short liquidations over $224 million, and anticipation around geopolitical events such as US-China trade talks and a potential US-UK trade deal hinted at by President Trump. Institutional flows into Bitcoin ETFs have remained strong, with $142.3 million in a day and over $3.4 billion in the last week, signaling rising confidence among large investors. The rally has been supported by a broader risk-on market environment, as major stock indices gained and gold prices fell. Additional developments, such as New Hampshire's proposed Bitcoin reserve bill and ongoing corporate purchases, have further enhanced Bitcoin's profile as a store of value. Investors remain cautious near the $100,000 psychological milestone, watching for profit-taking or volatility if key trade announcements disappoint. Altcoins like Ethereum have also posted significant gains amid the bullish sentiment.