$BTC

As of May 9, 2025, Bitcoin (BTC) has once again surpassed the $100,000 mark, marking the first time since February that this price level has been reached. The current price is approximately $101,322, with an intraday high of $101,879, demonstrating strong market momentum.

📌 Key Factors Driving Bitcoin's Rise

1. US-UK Trade Agreement: US President Donald Trump announced a new trade agreement with the UK aimed at increasing exports of American ethanol, beef, and machinery. This news boosted market confidence and drove up the price of Bitcoin.

2. Macroeconomic Factors: Federal Reserve Chairman Jerome Powell maintained stable interest rates, combined with a weakening dollar and declining bond yields, creating a favorable environment for risk assets, further supporting Bitcoin's upward trend.

3. Institutional Investment Inflows: Institutional interest in Bitcoin continues to grow, with recent inflows into Bitcoin ETFs reaching $142 million, indicating an increased demand for Bitcoin as a diversified investment tool.

🔮 Market Outlook and Analysis

Analysts predict that Bitcoin may undergo a healthy correction in the short term, but the long-term bullish trend remains intact, with a target price potentially reaching $120,000 or even higher.