Bitcoin surpasses $110,000 again… Will the upward rally continue?

Cryptocurrency A to Z

Continued institutional inflows

Year-end target of $200,000 projected

High U.S. tariffs, etc.

Economic uncertainty remains a variable

There is growing market interest in whether Bitcoin will maintain its upward trend in the second half of this year. With more and more companies increasing their Bitcoin investments, forecasts suggest that U.S. tariff negotiations and whether the Fed will cut interest rates are potential variables.

According to CoinMarketCap on the 6th, Bitcoin was trading at $109,595 on the 4th, up 1.54% from the previous day. During intraday trading the previous day, Bitcoin briefly surpassed $110,000, raising expectations for a rally in the latter half of the year. The global investment bank Standard Chartered (SC) stated in a report, "The number of companies accumulating Bitcoin is rising, and strong inflows into spot ETFs continue. We expect Bitcoin to reach $135,000 by the end of Q3 and $200,000 by year-end."

The number of companies investing in Bitcoin surged in the first half of this year. In addition to the usual MicroStrategy and Metaplanet, 21 companies—including GameStop, ProCap BTC, and American Bitcoin—also joined in. In addition, 47 companies have announced future intentions to acquire Bitcoin.

Net inflows into Bitcoin spot ETFs also continued. Last month, spot Bitcoin ETFs saw net inflows of $4.6 billion (about ₩6.3 trillion), marking three consecutive months of record high monthly net inflows.

However, heightened macroeconomic uncertainty is a negative factor. The Donald Trump administration has declared the 8th as the final deadline for mutual tariff negotiations. President Trump has stated that if the negotiations are not expedited, he will unilaterally announce mutual tariff rates and has taken a hardline stance. If negotiations fail and high mutual tariffs are imposed, the Fed’s base rate cuts could be delayed, as tariffs may fuel inflation in the U.S. According to FedWatch by the Chicago Mercantile Exchange (CME), the probability that the Fed will keep the base interest rate unchanged at the Federal Open Market Committee (FOMC) meeting on the 30th is 94.8%.

Jinwook, BloomingBit Reporter wook9629@bloomingbit.io