#BinanceMegadropSolv

Recent Bitcoin (BTC) news highlights a significant price surge, reclaiming the $100,000 mark and reaching a peak of $102,700. This rally is attributed to factors like strong ETF demand, rising US investor confidence, and optimism surrounding President Trump's inauguration.

Key developments include:

* BTC ETF Inflows: Spot Bitcoin ETFs in the US saw their highest inflows since November 21, with over $900 million entering investment products on January 6th.

* MicroStrategy's Purchases: The company continued its Bitcoin acquisition strategy, purchasing an additional 1,000 BTC tokens, bringing its total holdings to 447,470 BTC.

* US Investor Confidence: The Coinbase Premium Index (CPI) indicates increased demand for Bitcoin on US-based exchanges, suggesting stronger buying pressure from US investors.

* Trump's Inauguration: The crypto market is anticipating a more favorable environment under President Trump's second term, given his previous statements about making America the crypto capital of the world.

Technical indicators suggest bullish momentum, with the 26 EMA and 50 EMA supporting an uptrend. However, it's important to note that while the RSI indicates a lack of overbought conditions, the market remains volatile.

Overall, Bitcoin's recent price surge reflects a combination of positive market sentiment, institutional investment, and growing investor confidence.