#BTCBackto100K Today, May 8, 2025, Bitcoin has once again surpassed the $100,000 mark, reaching a peak of around $101,525 — the highest level since February of this year. 

What caused the rise?

1. Announcement of the US-UK trade deal: President Donald Trump announced a "big trade deal" with the United Kingdom, which boosted market optimism and contributed to the rise of BTC.

2. Institutional investments: Over the past three weeks, Bitcoin ETFs in the US have recorded an influx of funds totaling $5.3 billion, indicating growing interest from institutional investors. 

3. Macroeconomic factors: Stable interest rates and declining yields on US bonds have created favorable conditions for risk assets such as cryptocurrencies.

Forecasts

Analyst Jeffrey Kendrick from Standard Chartered has raised the BTC price forecast for the end of the second quarter to $120,000, and to $200,000 by the end of the year, citing strong institutional demand and changes in market dynamics. 

Current situation

At the time of publication, BTC is trading at around $100,758, which is 4.34% higher than the previous day. Technical indicators such as MACD and RSI suggest the continuation of a bullish trend.