As of Wednesday morning, , up nearly , marking a continued recovery from April’s lows around $75,000. Late Tuesday evening ET, Bitcoin surged over $97K.

The world’s largest cryptocurrency is now within striking distance of the critical $100,000 milestone amid renewed institutional and political tailwinds .

According to a new , Wall Street’s high-frequency trading elite are increasing their exposure to crypto markets.

, one of the biggest players in algorithmic trading, has reportedly and upgraded its market-making infrastructure—joining , which has also been bulking up on digital assets.

This quiet buildup aligns with growing optimism around regulatory clarity under the , which has begun and signaling a fast track for digital asset legislation.

Former President—and now again U.S. President— has helped reignite Wall Street’s interest in crypto. His administration has made it clear that it views Bitcoin and blockchain as essential tools for U.S. financial competitiveness.

In recent weeks, , made headlines with a rare bullish BTC price prediction. Now, insiders believe Trump’s pro-Bitcoin posture could help that stalled earlier in the year.

Wall Street’s return isn’t just anecdotal. are seeing massive inflows again.

According to data from , Bitcoin ETFs pulled in last week alone—marking a strong reversal after months of outflows that tracked broader stock market volatility.

ETF behemoth is leading the pack. Its iShares Bitcoin Trust (IBIT) took in over , valued at more than .

In the last 15 days, IBIT has absorbed more than in investor capital.

“The flows are back in a big way,” said Robert Mitchnick, head of digital assets at BlackRock, during a recent crypto panel.

Perhaps the most seismic shift: top Wall Street asset managers controlling a combined are expected to later this year.

That means financial advisors at these firms could be allowed to —a regulatory greenlight that could unleash a flood of mainstream money.

This move would mark the , potentially ushering in billions more in long-term capital inflows.

Bitcoin’s recent price rally is being driven by far more than speculation—it’s being underpinned by , a friendlier regulatory climate under Trump, and technological reinvestment by some of Wall Street’s most sophisticated trading firms.

With , high-speed traders scaling up, and the possibility of financial advisors formally joining the fold, the groundwork is being laid for a .

The only thing left? A Fed decision that could pour even more fuel on the fire.

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