Bitcoin (BTC) has reclaimed the $
100,000 mark, reaching $BTC 100,538 as of May 8, 2025, marking a significant milestone in its price trajectory.
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š Key Drivers Behind the Surge
1. U.S.-U.K. Trade Agreement: Former President Donald Trump announced a major trade deal with the United Kingdom, boosting investor confidence and reducing economic uncertainty.
2. Federal Reserve's Interest Rate Decision: The Federal Reserve maintained steady interest rates, alleviating concerns about potential rate hikes and encouraging investment in risk assets like Bitcoin.
3. Institutional Investment and ETF Inflows: Spot Bitcoin ETFs have seen substantial inflows, totaling $4.41 billion since late March, indicating growing institutional interest in Bitcoin as a legitimate asset class.
4. Market Sentiment and Liquidations: The recent price surge led to the liquidation of over 114 million in Bitcoin positions, predominantly shorts, further propelling the price upward.
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š® Outlook
Analysts suggest that Bitcoin's momentum could continue, with potential targets ranging from $BTC 105,000 to $BTC 120,000 in the coming months. However, investors should remain vigilant, as market volatility remains a characteristic feature of the cryptocurrency landscape.
For real-time updates and community discussions, you can follow the #BTCBreaks99K thread on Binance Square.
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