#BTC突破99K

₿ Bitcoin breaks through 99,000 USD, approaching the 100,000 USD mark

The price of Bitcoin (BTC) broke through 99,000 USD on the evening of May 7, reaching 99,027.83 USD, just one step away from the psychological barrier of 100,000 USD. 

Driving factors:

• Federal Reserve maintains interest rates: The Federal Reserve decided to keep the benchmark interest rate in the range of 4.25%-4.5%, which the market interprets as favorable for crypto assets. 

• US-China trade negotiations restart: The US Treasury Secretary announced a new round of trade negotiations with China, easing market tensions.

• Institutional capital inflow: The US Bitcoin ETF has seen continuous net inflows, with a single-day net inflow of 142 million USD on May 7, indicating rising interest from institutional investors in Bitcoin.

• Technical breakthrough: Technical indicators suggest that Bitcoin is likely to break through 100,000 USD, and could even challenge the range of 103,000 to 105,000 USD.