#BTCBackto100K **Post: Bitcoin to soar above $100,000 on May 8, 2025 — What's behind the historic surge?** 📈

On Thursday, May 8, 2025, the cryptocurrency market witnessed a significant milestone as the price of Bitcoin approached the $100,000 barrier for the first time since last February, supported by a wave of global optimism and influential political announcements. Here are the key details:

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### **1. Record highs in Bitcoin prices**

- **Over $100,000**: Bitcoin hit an all-time high of $100,800, according to CoinMetrics data, with a daily increase of 4%.

Major Exchange Performance: On Coinbase, the price reached $99,841, while Yahoo Finance futures reached $101,955.

- **Historical context**: This is the first time Bitcoin has surpassed $100,000 since February, after falling from its record high in January at **$109,241**.

### **2. Main drivers of the rise**

Trade Agreements: US President Donald Trump announced an imminent trade agreement with the United Kingdom, boosting investor confidence in risky assets like Bitcoin and stocks.

Monetary Policy: The Federal Reserve's decision to keep interest rates unchanged has helped stimulate liquidity flows into emerging markets, including cryptocurrencies.

Regulatory Developments: The U.S. Office of the Comptroller of the Currency (OCC) has allowed banks to buy and sell digital assets, strengthening the legitimacy of the sector.

### **3. Performance of other currencies: Ethereum and altcoins participate in the rise**

Ethereum (ETH): Jumped 8% to $1,943, supported by analysts suggesting it is “undervalued” compared to Bitcoin.

- **Rising Currencies**:

- **Bitcoin Cash (BCH)**: Up **+12.86%**.

- **Solana (SOL)**: **+9%** as it reaches **$150**.

- **Dogecoin (DOGE)**: **+11%**.

### **4. Expert Warnings: Will the Momentum Continue?**

Profit-taking: BTC Markets analyst Rachel Lucas warned that a break above $100,000 could prompt investors to take short-term profits, leading to volatility.

Geopolitical Challenges: Anthony Trenchev (founder of Nexo) noted that tensions between India and Pakistan and the Fed's slowness in cutting interest rates could impact market stability.

- **Technical Forecasts**: Despite the Relative Strength Index (RSI) reaching overbought areas, analyses indicate the possibility of continued upward movement with the improvement of global indicators.

### **5. Market Overview**

Total market capitalization: Exceeded $3 trillion, with Bitcoin dominating at 64.3%.

Trading volume jumped 35% to $111 billion in 24 hours, reflecting strong investor interest.

### **Conclusion: A historic day that reflects a shift in confidence**

May 8, 2025, was not just another day in the cryptocurrency market; it was confirmation that Bitcoin has become a major investment asset amid global events. However, markets remain sensitive to any geopolitical or economic developments that could soon reshape the landscape.

**Stay tuned** to see if Bitcoin will break its all-time highs or enter a new volatility phase! 🔍