Bitcoin Surpasses $99,000, Eyes Historic Milestone
On May 8, 2025, Bitcoin (BTC) surged past the $99,000 mark, trading at $99,188.88 USDT, marking a 2.78% increase in the past 24 hours. This bullish movement brings Bitcoin closer to the highly anticipated $100,000 milestone, a psychological and technical level closely watched by traders and investors.
The upward momentum is being fueled by growing institutional interest, favorable macroeconomic conditions, and increasing confidence in digital assets amid global financial uncertainty. Technical indicators show strong support around the $96,000 range, while resistance now forms near $100,000.
Market analysts suggest that a decisive break above $100K could lead to accelerated gains, driven by FOMO (fear of missing out) and bullish sentiment across the crypto sector. With Ethereum and Binance Coin also posting gains, the broader crypto market appears poised for further upside.
As of today, Bitcoin holds a market dominance of over 52%, reaffirming its position as the leading digital asset in the current bull cycle.
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