$BTC

As of May 8, 2025, Bitcoin (BTC) is trading at $99,734, edging closer to the significant $100,000 milestone. This surge is fueled by positive developments in global trade relations and supportive macroeconomic factors.

President Trump’s announcement of an impending trade agreement with the United Kingdom has bolstered investor confidence, contributing to Bitcoin’s upward trajectory. Simultaneously, the Federal Reserve’s decision to maintain current interest rates has provided additional stability to the market.

Technical analyses indicate that Bitcoin is maintaining strong support levels, suggesting the potential for it to surpass the $100,000 mark in the near term . Institutional interest remains robust, with companies like MicroStrategy expanding their Bitcoin holdings, reflecting long-term confidence in the asset.

Furthermore, President Trump’s executive order to establish a Strategic Bitcoin Reserve underscores the growing recognition of Bitcoin’s role in national financial strategies.

In summary, Bitcoin’s current momentum is supported by favorable geopolitical developments, institutional investments, and strategic policy decisions, positioning it on the cusp of a historic valuation milestone

.