#BTCBreaks99K Bitcoin (BTC) recently broke the $99,000 mark, driven by increased institutional adoption and shifting regulatory environments. Here are some key points about this milestone¹ ²:

- *Current Price*: As of May 8, 2025, Bitcoin's price is around $99,421.31, with a 2.74% increase in the last 24 hours.

- *Market Capitalization*: Bitcoin's market cap has reached $1.93 trillion, solidifying its dominance in the cryptocurrency market.

- *Trading Volume*: The 24-hour trading volume has surged to $45.58 billion, indicating growing interest and investment in Bitcoin.

- *Whale Activity*: Large investors, or "whales," are accumulating Bitcoin, which historically signals a bullish trend. Recent transactions include two new wallets withdrawing 261 BTC ($25.9 million) from Binance and Coinbase Prime sending 213.4 BTC ($21.09 million) to Kulr Technology.

- *Technical Analysis*: Bitcoin's price chart shows a strong upward trend, with key resistance levels at $102,000 and potential targets of $105,000-$110,000 once this level is breached. The Average Directional Index (ADX) at 34.45 indicates a strong upward momentum.

The surge in Bitcoin's price can be attributed to various factors, including:

- *Regulatory Environment*: Expectations of more crypto-friendly policies under new leadership, such as Trump's presidency, have boosted investor confidence.

- *Institutional Adoption*: Growing interest from institutional investors, like Kulr Technology, has contributed to the price increase.

- *NFT Market Growth*: The NFT market has seen a significant surge...