**Post: Bitcoin Soars $BTC
Above 100,000 dollars on May 8, 2025 — what’s behind the historic rise?** 📈
On Thursday, May 8, 2025, the cryptocurrency market witnessed a pivotal event as **Bitcoin's price** approached the **100,000 dollar** barrier for the first time since February, supported by a wave of global optimism and impactful political announcements. Here are the key details:
### **1. Record Highs in Bitcoin Price**
- **Surpassing 100,000 Dollars**: Bitcoin reached its highest level at **100,800 dollars** according to 'Coin Metrics', with a daily increase of **4%**.
- **Performance of Major Platforms**: On the **Coinbase** platform, the price reached **99,841 dollars**, while futures on 'Yahoo Finance' recorded a level of **101,955 dollars**.
- **Historical Context**: This is the first time Bitcoin has surpassed 100,000 dollars since February, after retreating from its record peak in January at **109,241 dollars**.
### **2. Main Drivers of the Surge**
- **Trade Agreements**: U.S. President **Donald Trump** announced an imminent trade agreement with the United Kingdom, boosting investor confidence in risk assets like Bitcoin and stocks.
- **Monetary Policies**: The **Federal Reserve's** decision to keep interest rates unchanged contributed to liquidity flowing towards emerging markets, including cryptocurrencies.
- **Regulatory Developments**: The **Office of the Comptroller of the Currency (OCC)** has allowed banks to buy and sell digital assets, enhancing the legitimacy of the sector.
### **3. Performance of Other Coins: Ethereum and Altcoins Join the Surge**
- **Ethereum ($ETH )**: Jumped by **8%** to reach **1,943 dollars**, supported by analyses indicating it is "undervalued" compared to Bitcoin.
- **Rising Coins**:
- **Bitcoin Cash (BCH)**: Increased **+12.86%**.
- **Solana (
$SOL )**: **+9%** reaching **150 dollars**.
- **Dogecoin**
Coin (DOGE$)**: **+11%**.
### **4. Expert Warnings: Will the Momentum Continue?**
- **Profit-Taking**: Analyst **Rachel Lucas** from 'BTC Markets' warned that breaking through 100,000 dollars could prompt investors to take short-term profits, leading to volatility.
- **Geopolitical Challenges**: **Anthony Trenchev** (founder of Nexo) indicated that tensions between India and Pakistan and the Fed's slowdown in interest rate cuts could affect market stability.
- **Technical Forecast**: Despite the Relative Strength Index (RSI) reaching overbought levels, analyses indicate the possibility of continued upward movement with improving global indicators.
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### **5. Market Overview**
- **Total Market Capitalization**: Surpassed **3 trillion dollars**, with Bitcoin's dominance at **64.3%**.
- **Trading Volume**: Jumped by **35%** to reach **111 billion dollars** in 24 hours, reflecting significant interest from investors.
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### **Summary: A Historic Day Reflecting a Shift in Confidence**
May 8, 2025, was not just another day in the cryptocurrency market, but a confirmation of Bitcoin's transformation into a **major investment asset** amid global events. However, markets remain sensitive to any geopolitical or economic developments that could redraw the landscape soon.
**Follow updates** to see if Bitcoin will break its all-time highs or enter a new phase of volatility! 🔍