Bitcoin has surged beyond the $91,000 threshold following a significant policy reversal by investment giant Vanguard, which has reopened spot Bitcoin ETF access to its millions of clients. The development has reignited bullish sentiment across crypto markets, with technical analysts and institutional observers now debating whether the psychological $100,000 barrier could fall within weeks.
Bitcoin has breached the $91,000 mark in a rally fueled by Vanguard's surprise decision to restore access to spot Bitcoin exchange-traded funds for its expansive client base. The move represents a dramatic shift from the asset manager's previous stance and signals growing mainstream acceptance of cryptocurrency investment vehicles.
Vanguard, which manages over $8 trillion in assets, had previously restricted its platform from offering spot Bitcoin ETFs, making it an outlier among major brokerages. The reversal opens the door for millions of retail and institutional investors to gain regulated exposure to Bitcoin through ETF products, potentially channeling substantial new capital into the cryptocurrency market.
The price action following the announcement has been swift and decisive. Bitcoin climbed from the high $80,000 range to surpass $91,000, with trading volumes spiking across major exchanges. Technical analysts note that momentum indicators are showing bullish divergence, suggesting the rally may have further room to run.
Market observers are now focusing on whether Bitcoin can achieve the long-anticipated $100,000 milestone. Historical patterns suggest that when major institutional barriers fall, Bitcoin tends to experience sustained upward pressure as new money flows into the asset class. The timing of Vanguard's decision, coming amid broader institutional adoption trends, could provide the catalyst needed to push through six figures.
However, some analysts urge caution, noting that resistance levels near $95,000 and $98,000 could prove challenging. Additionally, profit-taking by early investors and potential regulatory headwinds remain factors that could temper enthusiasm.
The broader implications of Vanguard's policy shift extend beyond immediate price movements. The decision validates Bitcoin's evolution from a speculative fringe asset to a legitimate component of diversified investment portfolios. As one of the world's most conservative financial institutions embraces cryptocurrency access, it sets a precedent that could encourage other hesitant players to follow suit.
With institutional infrastructure continuing to mature and major financial gatekeepers lowering barriers to entry, Bitcoin's path toward $100,000 appears increasingly plausible, though the timeline remains uncertain. The coming weeks will test whether current momentum can overcome psychological and technical resistance levels that stand between current prices and the six-figure milestone.