Bitcoin Reclaims $106K Amid Ceasefire Optimism and ETF Inflows

Bitcoin (BTC) rebounded above $106,000 after briefly falling below $99,000 earlier this week, driven by improved global risk sentiment and optimism over a ceasefire between Israel and Iran. As of Wednesday, BTC traded at $106,640.01, supported by growing ETF inflows totaling $46 billion.

Ether (ETH) followed with a 0.5% daily gain to $2,446.38, approaching resistance near $2,450. Dogecoin (DOGE) hovered around $0.16655, while Solana (SOL) edged down 0.2% to $147.15. Cardano (ADA) dipped 1.3% to $0.58532 after briefly testing $0.60 earlier in the week.

Ryan Lee, chief analyst at Bitget Research, noted that Bitcoin’s slow rebound from the sub-$99K range signals lingering caution, though its long-term trajectory remains bullish. He forecasts BTC could reach $110,000–$115,000 by Q3 and possibly $130,000–$160,000 by year-end. Lee also expects ETH to trade between $2,600–$2,800 in the near term, with a longer-term target of $5,500.

Improved sentiment in global markets contributed to the crypto rebound. U.S. equity futures advanced, following a Nasdaq 100 record close, while Asian markets extended gains. Treasury yields stabilized and the dollar held steady after Fed Chair Jerome Powell signaled flexibility in future policy, boosting expectations for rate cuts amid weakening consumer confidence.

Gadi Chait, head of investment at Xapo Bank, said Bitcoin’s rapid recovery to above $105K reflects its maturing role as a potential safe-haven asset. He emphasized that institutional interest is increasingly cushioning price dips and fueling swift rebounds, even amid geopolitical uncertainty.

Bitcoin’s resilience and growing mainstream adoption are reinforcing its evolving position in global portfolios.