As Bitcoin soared past $99,000 on May 8, 2025, reactions erupted across markets and X. Crypto enthusiasts like @proanalysisb on X cheered, citing ETF demand outpacing supply, a softening dollar, and New Hampshire’s BTC reserve approval as catalysts. Traders eyed $100,000, with @CryptoMichNL noting altcoins’ potential to follow. Institutional fervor intensified, with BlackRock’s IBIT ETF surpassing gold inflows and Strategy (formerly MicroStrategy) boosting BTC holdings. However, bears like @Axel_bitblaze69 warned of overheated markets and a possible $100,000 trap, pointing to $90,000 as key support. Analysts predicted a breakout to $125,000–$150,000 by late 2025 but cautioned about corrections, with Peter Brandt suggesting a 50% drop post-peak. Global economic uncertainty and Fed rate-cut bets fueled the rally, yet volatility loomed. The crypto community buzzed with excitement, tempered by profit-taking fears, as Bitcoin neared the historic $100,000 milestone.
