The warming of China-U.S. trade and the resonance of 'dual cuts' have caused Bitcoin to approach $100,000 again.
In simple terms:
Today (May 8, 2025), the price of Bitcoin fluctuated around $97,000-$99,000, nearly breaking the $100,000 barrier.
The sharp increase is mainly due to:
China's reserve requirement ratio and interest rate cuts (injecting 1 trillion), leading to more money flowing into Bitcoin;
U.S. state governments starting to buy Bitcoin (like New Hampshire), with institutions following suit;
Easing of China-U.S. trade negotiations, making the market feel less risky and allowing funds to engage.
However, it dropped a little in the afternoon, now back to $99,800, indicating that the $100,000 mark is under significant pressure, so we need to see if there are any new positive developments.
