$BTC
As of May 9, 2025, Bitcoin (BTC) has surged past the $100,000 mark, reaching an intraday high of $101,370—the highest level since early February 2025. This rally is attributed to improving market sentiment following April’s volatility due to trade tariffs and optimism fueled by a new U.S.-U.K. trade agreement. Bitcoin has outperformed major indices like the S&P 500 and Nasdaq, and even surpassed gold's 11% rise during the same period
Institutional interest has played a significant role in Bitcoin's momentum, with inflows into spot Bitcoin ETFs reaching $5.3 billion in the past three weeks. States such as New Hampshire and Arizona have also introduced crypto reserves, although analysts believe Wall Street’s demand is the more powerful driver . Technical indicators suggest bullish momentum, with a relative strength index above 70 indicating possible short-term overbought conditions. Analysts point to potential resistance near $107,000 and a projected upside target around $120,000 if the rally continues .
