#BTCBackto100K

On May 8, 2025, Bitcoin (BTC) surged past the $100,000 mark for the first time since February, reaching an intraday high of $101,370. This rally was fueled by optimism surrounding a U.S.-UK trade agreement, easing investor concerns over global trade tensions . Institutional interest also played a significant role, with inflows into spot Bitcoin ETFs totaling $5.3 billion over the past three weeks . Additionally, Bitcoin's market dominance rose above 60%, indicating stronger investor confidence in Bitcoin over altcoins . Analysts at Standard Chartered project that Bitcoin could reach $120,000 in the second quarter, though they acknowledge this target may be conservative . However, concerns remain about short-term volatility due to low trading volumes and lingering tariff uncertainty, suggesting caution for traders despite the bullish trend .