Bitcoin $BTC is experiencing a significant rally today, May 8, 2025, trading at approximately $99,621.85 , marking a 2.5% daily gain. The cryptocurrency briefly surpassed $99,000 earlier in the Asian trading session, driven by a combination of constructive macroeconomic signals and increased institutional interest.
A notable factor contributing to this surge is the Federal Reserve’s recent decision to maintain interest rates, which has bolstered investor confidence in risk assets like cryptocurrencies. Additionally, the BlackRock iShares $BTC Trust ETF (IBIT) has recorded 17 consecutive days of inflows, attracting $5 billion in fresh capital, indicating robust institutional demand.
Technical indicators suggest strong bullish momentum, with Bitcoin’s realized cap reaching a record high as accumulation continues. Analysts are closely watching the $100,000 psychological threshold, with some predicting that $BTC may break this level today.
In a significant policy development, Arizona has enacted House Bill 2749, establishing a state-managed Bitcoin and Digital Assets Reserve Fund, reflecting growing governmental interest in cryptocurrency reserves.
Overall, the convergence of favorable macroeconomic conditions, institutional investment, and supportive policy developments are propelling Bitcoin toward the $100,000 milestone, signaling a potentially historic moment for the cryptocurrency market.
