[MARKET REPORT – 08.05.2025]

Bitcoin on the verge of 100,000 USD!

$BTC gained +2.48% today, reaching a level of 98,937 USD. Over the course of the month, the increase exceeded 14%. Behind this good performance are rising on-chain demand and investor optimism.

Altcoins are not falling behind either:

Ethereum ($ETH ): $1,898.51 (+3.90%)

$BNB : $609.23 (+0.83%)

XRP: $2.18 (+1.87%)

Cardano (ADA): $0.70 (+3.78%)

XRP is rising in anticipation of the launch of futures contracts on CME (May 19).

What drives the market?

Strong investor sentiment

Speculation that the Fed will pause further interest rate hikes

Belief in further increases – some analysts target 150,000 USD for BTC

The market is gaining momentum – is this the beginning of a new bull run?