#TradeStories As of May 8, 2025, Bitcoin (BTC) is trading at approximately $99,511, reflecting a 2.56% increase over the past 24 hours.
The recent surge in Bitcoin's price is attributed to several factors:
Anticipation of a U.S.-UK Trade Deal: President Donald Trump's hints at a significant trade agreement with the UK have bolstered investor confidence, contributing to Bitcoin's upward momentum.
Federal Reserve's Interest Rate Decision: The Fed's choice to maintain current interest rates has alleviated concerns about tightening monetary policy, encouraging investment in risk assets like cryptocurrencies.
Market Sentiment and Technical Indicators: Analysts note that Bitcoin's ability to hold above the $95,000 support level is crucial for sustaining its bullish trajectory.
Looking ahead, some market participants are optimistic about Bitcoin surpassing the $100,000 mark, while others caution about potential corrections if key support levels failll..........
