OVERALL MARKET INSIGHTS 08/ MAY --
Bitcoin ($BTC ) has once again surged past the $100,000 mark, reaching an intraday high of $101,370—the highest since early February 2025 . This rally is fueled by easing trade tensions, a new US-UK trade agreement, and significant institutional inflows, including $5.3 billion into spot Bitcoin ETFs over the past three weeks .
Despite this momentum, BTC remains below its January all-time high of $109,000 . Analysts are optimistic, with projections suggesting BTC could reach $120,000 in Q2 2025 . Some experts, like Arthur Hayes, even predict a surge to $250,000 by year-end, citing factors like Federal Reserve policies and global economic instability .
But here's the pressing question:
Will BTC break its all-time high in this bull run?
As BTC climbs, will altcoins follow suit or continue to struggle?
Historically, altcoins have experienced significant gains during Bitcoin bull runs. For instance, following Bitcoin’s 2020 halving, $ETH surged by over 400%, and smaller altcoins like Chainlink saw gains exceeding 1,000% . However, in the current cycle, many altcoins are underperforming. Ethereum, despite its recent Pectra upgrade, has declined 45.5% year to date, underperforming relative to Bitcoin and competitors like Solana .
What are your thoughts?
Can BTC surpass its previous all-time high in this cycle?
Will altcoins rally alongside BTC, or will they continue to Struggle to hold at current highs?
Share your insights below.
