#BTCBackto100K Bitcoin's price has indeed surged past $100,000, reaching $102,728.83 as of May 9, 2025. This milestone marks the third time Bitcoin has broken through the six-figure level, with previous instances occurring on December 5, 2024, and January 20, 2025.

Key Factors Driving the Price Surge:

- Institutional Inflows: Spot Bitcoin ETFs have seen significant inflows, with $1.8 billion in the past trading week.

- Macroeconomic Factors: Falling US bond yields and a weakening dollar have contributed to Bitcoin's appeal as a hedge.

- Political Developments: Donald Trump's hint at a major trade deal with the UK has boosted market optimism ¹.

Market Sentiment and Future Outlook:

- Bitcoin Dominance: Surpassing 60% market dominance, indicating growing investor preference for BTC over altcoins.

- Price Prediction: Analysts eye $110,000 as the next target, with potential for further growth driven by institutional interest and macroeconomic factors ¹ ².

Important Updates:

- Upcoming Economic Data: US budget data on May 12 and Consumer Price Index (CPI) on May 13 may influence Bitcoin's price momentum.

- Market Volatility: Traders should be cautious due to potential price fluctuations ¹.