Bitcoin Nears $100,000 as Bullish Momentum Fuels Price Surge

Recent bullish sentiment has propelled Bitcoin closer to the $100,000 mark. Following a period of market volatility and uncertainty fueled by tariff news from Donald Trump, Bitcoin is experiencing a resurgence in price. Investors are optimistic about potential gains driven by expanding decentralized finance (DeFi) applications and rising institutional investment. However, the looming risk of a global recession and ongoing tax negotiations between the U.S. and China could potentially dampen this upward trend. On-chain metrics show contradicting signals that may contribute to price volatility.