May 9, 2025, 01:05 PM IST
Bitcoin ( $BTC ) has surged to a new all-time high, breaking $105,000 against the U.S. dollar ($BTC/USD) today, following President Trump’s announcement of a major U.S.-UK trade deal on May 8. The coin pair gained 5% in the last 24 hours, driven by renewed institutional inflows and a weakening dollar. Analysts note that $BTC/USD’s breakout above the $100,000 resistance level signals strong bullish momentum, with the next target at $108,000. However, some warn of potential profit-taking after long-term holders realized $1 billion in daily profits recently. The crypto market is abuzz—will $BTC/USD sustain this rally?
