BTC$

As of May 8, 2025, Bitcoin (BTC) is trading at approximately $99,209, marking a 2.47% increase over the past 24 hours. The cryptocurrency's market capitalization stands at around $1.96 trillion, with a 24-hour trading volume of about $50 billion. This price surge brings Bitcoin close to the significant $100,000 milestone, reflecting strong bullish momentum in the market. The realized capitalization has reached $890 billion, indicating robust investor confidence and a potential rally towards the $100,000 price point. Despite historical seasonal patterns suggesting caution in May, current market dynamics show Bitcoin holding firm, with short-term holders nearing breakeven levels. Technical indicators signal continued upward momentum, as the crypto market eyes a potential breakout opportunity. Bitcoin's dominance in the cryptocurrency market has grown to approximately 65%, underscoring its leading position as the market experiences increased activity and investor interest.