#BTCBackto100K Bitcoin has indeed surged past $100,000, reaching as high as $100,681 on Binance, driven by a 4.8% single-day crypto market gain, the highest in 35 days.¹ This upward momentum is attributed to the drop in core CPI inflation to 3.2%, sparking a rally in global equities and crypto markets.² *Key Factors Contributing to the Rally:* - _Increased Institutional Investment_: Bitcoin ETF inflows skyrocketed to $755 million, with Fidelity's FBTC leading the charge with $463 million in inflows. - _On-chain Data_: Accumulation of wallets holding over 10 BTC has resumed, supporting the BTC price move above $100K. - _Macro Economic Factors_: Drop in core CPI inflation and positive market sentiment. However, some experts caution that downside risks remain active, and Bitcoin ETF outflows and low retail participation may dampen the bullish momentum.