On May 9, 2025, Bitcoin (BTC) officially broke past the psychological $100,000 level, reaching an intraday high of $103,513 and currently trading around $102,934—a 4.31% gain in the last 24 hours.

Market Snapshot

  • Current Price: $102,934

  • 24h Range: $98,683 – $103,513

  • Market Cap: $2.03 trillion

  • 24h Volume: $67.08 billion (+51%)

This marks a major milestone in Bitcoin’s 2025 performance, pushing it closer to its all-time high of $109,225 reached in January.

Why Is Bitcoin Rallying?

1. Fed Keeps Interest Rates Steady

The U.S. Federal Reserve held interest rates steady at 4.25%–4.50%, sparking renewed confidence in risk assets, including crypto. Lower rate hike expectations often favor speculative markets.

2. U.S.–U.K. Trade Deal Boosts Sentiment

A new trade agreement between the U.S. and U.K. aimed at reducing tariffs—especially on steel and autos—further improved macroeconomic sentiment, lifting global markets, including Bitcoin.

3. Short Liquidations Pile Up

More than $492 million in short positions were liquidated in the past 24 hours, indicating that bears were caught off guard by the rally. A single short worth $10.6 million was also wiped out, accelerating BTC’s upward move.

4. Whale Re-Entry

A previously dormant wallet reactivated to purchase 100 BTC (worth ~$9.78M), signaling institutional interest may be returning in anticipation of a broader breakout.

What’s Next for BTC?

Bitcoin is now eyeing its next major resistance at $105,000. If the bullish momentum continues, analysts expect BTC could revisit or even break its previous ATH of $109,225 in the coming weeks.

Conclusion

Bitcoin’s surge above $100K marks a pivotal moment in 2025’s crypto landscape, driven by macroeconomic stability, geopolitical optimism, and liquidation-driven momentum. While short-term corrections are still possible, investor sentiment remains bullish heading into mid-May.

Disclaimer:

This article is for informational purposes only and does not constitute financial advice or an endorsement of any cryptocurrency, project, or investment strategy. Cryptocurrency investments are highly volatile and carry risk. Always conduct your own research and consult with a professional advisor before making financial decisions. Coinstages and Binance Square are not responsible for any financial losses resulting from reliance on this content.

Brought to you by Coinstages — your trusted source for crypto news, insights, and market analysis.