Analysis: Bitcoin hits the key $100,000 mark; macroeconomic environment remains uncertain but constructive.

Singapore-based crypto investment firm QCP Capital published an analysis stating that Bitcoin's overnight drop below the key $100,000 support level dragged down global risk assets. This decline was primarily driven by a stronger US dollar and uncertainty surrounding Federal Reserve policy, which generally dampened market risk appetite. Macroeconomic pressures quickly translated into the crypto market, with the US spot Bitcoin ETF experiencing net outflows of approximately $1.3 billion for four consecutive days, turning it from a significant driver at the beginning of the year into a short-term drag.