๐ Bitcoin $BTC Market Update โ May 8, 2025
Current Price: $96,344.00 USD
24h Change: +$1,404.00 (+1.48%)
24h Range: $94,528.00 โ $97,513.00
Market Cap Dominance: 65% (4-year high)
Bitcoin $BTC is exhibiting bullish momentum, maintaining levels above the crucial $95K support. Analysts suggest that a breakout beyond $98K could trigger a short squeeze, potentially liquidating over $400 million in short positions .
Institutional interest remains robust, with BlackRock's Bitcoin ETF recording a net inflow of $421 million in a single day .
