#BTCBreaks99K Today, May 8, 2025, Bitcoin (BTC) has surpassed the milestone of 99,000 USD, marking an important milestone in the current price rally and nearing the psychological resistance level of 100,000 USD.

📈 Market Trends

• Current price: About 98,815 USD, up about 2.38% in the last 24 hours.

• Highest price of the day: 99,835 USD

• Lowest price of the day: 95,959 USD

• 24h trading volume: ~33.92 billion USD

• Market capitalization: ~1.922 trillion USD 

🔍 Reasons for the price increase

• Federal Reserve's decision: The Fed kept interest rates unchanged, reflecting concerns about inflation and unemployment. This decision has provided momentum for risk assets like Bitcoin to increase in value. 

• Positive market sentiment: The RSI index on the 4-hour chart reached 78, indicating that the market is in an overbought state but still maintains strong upward momentum. 

• Capital inflow from institutional investors: Bitcoin ETF funds have attracted an additional 1.2 billion USD in the past week, indicating increasing interest from institutional investors.