$BTC

Bitcoin (BTC) has surged past the $100,000 mark, reaching an intraday high of $103,978 on May 9, 2025, marking a significant milestone in its 2025 bull run. This rally is fueled by a combination of factors:

• Institutional Investments: Substantial inflows into spot Bitcoin ETFs, totaling $5.3 billion in the past three weeks, have bolstered the cryptocurrency’s momentum.

• Political Developments: President Trump’s announcement of a preliminary trade deal with the U.K. has energized market optimism, signaling a possible shift toward growth-friendly policies.

• Regulatory Changes: The establishment of a U.S. Strategic Bitcoin Reserve and similar initiatives in states like New Hampshire have further fueled investor confidence.

Analysts 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.

This historic surge underscores Bitcoin’s growing acceptance as a legitimate asset class and its potential to reshape the financial landscape.