As of May 8, 2025, Bitcoin (BTC) is trading at approximately $99,100, reflecting a 2.5% increase from the previous close. The day's trading has seen a high of $99,835 and a low of $95,959.

Monetary Policy Easing in China: The People's Bank of China announced a reserve requirement ratio cut and interest rate reduction on May 7, injecting liquidity into the market and boosting risk appetite, which contributed to Bitcoin's 3% jump during the Asian trading session.

Institutional Investment Growth: Increased inflows into Bitcoin ETFs have signaled growing institutional interest, adding to the bullish momentum.

U.S. Federal Reserve's Stance: The Fed's decision to maintain steady interest rates has further fueled optimism in the crypto markets.

Analysts are closely watching the $100,000 mark as a significant psychological barrier. Some caution that the current levels of profit-taking could lead to a local top or sharp correction.

Please note that cryptocurrency investments are subject to market risks. Always conduct thorough research or consult a financial advisor before making investment decisions.
#BTCtrade #TradeStories #BTCBreaks99K