#BTC重返10万 BTC Returns to $100,000, Crypto Market Resurgence

On the morning of May 9, the price of Bitcoin rapidly climbed, breaking through the $100,000 barrier, leading to a collective surge in the cryptocurrency market. Bitcoin first broke the six-figure mark on December 5, 2024, and reached a historical high for the second time on January 20 of this year, just before U.S. President Trump's inauguration. This marks Bitcoin's return to $100,000 for the first time since February this year, once again attracting widespread market attention.

According to CoinGecko data, Bitcoin returned to the $100,000 mark at 23:22 Beijing time on May 8, rising 4.2% from a daily low of $95,967 to $100,530. At this price surge, Bitcoin's market dominance rose to over 60%, reflecting a stronger bullish sentiment compared to previous breakouts.

From a macro perspective, after Trump hinted at a potential major trade deal with the UK, market risk appetite significantly increased, with Bitcoin hovering around the critical psychological level of $100,000. Meanwhile, declining bond yields and a weaker dollar provided support for Bitcoin's rise. Additionally, institutional funds have re-entered spot Bitcoin exchange-traded funds (ETFs), with inflows reaching $1.8 billion in the past trading week, further propelling Bitcoin's upward momentum.

At the industry level, the governors of Arizona and New Hampshire in the U.S. have signed bills allowing the establishment of state-level Bitcoin reserves. Although Bitcoin has not yet been purchased practically, this has sparked optimistic sentiment among investors and strengthened confidence in the acceptance of crypto assets by the government.

Despite Bitcoin's strong performance in recent weeks, its future trajectory still faces many uncertainties. U.S. budget data on May 12 and the Consumer Price Index (CPI) on May 13 will be key in determining whether BTC can break through and hold above the $100,000 level. From a technical analysis perspective, Tyler Richey, co-editor and technical analyst at Sevens Report, pointed out that Bitcoin currently faces a key resistance range between $101,500 and $106,500. If Bitcoin can close above $101,000, it may challenge the historical high of $109,225 set in January; conversely, if it falls below the short-term support level of $93,780, it may correct to the $80,000 level.