#BTCtrade As of May 8, 2025, Bitcoin (#BTC ) is trading at approximately $99,698, approaching the significant $100,000 milestone. This upward momentum is attributed to optimism surrounding a potential de-escalation in the US-China tariff standoff, bolstering demand for riskier assets like cryptocurrencies .

Additionally, recent developments such as Arizona's establishment of a “Bitcoin Reserve Fund” and Robinhood's plans to launch a blockchain for tokenized securities have further fueled positive sentiment in the crypto market .

Technical analyses indicate that Bitcoin has broken above key resistance levels, suggesting a bullish trend that could see it surpass the $100,000 mark in the near future .

For a visual representation of Bitcoin's recent performance, here is a chart illustrating its price movements: #BTCtrade