$BTC

As of May 9, 2025, Bitcoin (BTC) has once again broken through the $100,000 mark, the first time since February this year. The current price is approximately $101,322, with a daily high reaching $101,879, showing strong market momentum.

📌 Key Factors Driving the Rise of Bitcoin

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

2. Macroeconomic Factors: Federal Reserve Chairman Jerome Powell maintained stable interest rates, coupled with a weakening dollar and declining bond yields, creating a favorable environment for risk assets and further supporting the rise of Bitcoin.

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 experience 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.