$BTC

As of May 9, 2025, Bitcoin (BTC) is trading at approximately $102,871 USD, reflecting a 1.08% increase over the past 24 hours. The cryptocurrency reached an intraday high of $103,978 and a low of $100,487. Its market capitalization stands at around $2.04 trillion, with a 24-hour trading volume exceeding $73 billion.

This surge is attributed to several factors, including positive investor sentiment, institutional interest, and favorable regulatory developments. Notably, Bitcoin surpassed the $100,000 mark for the first time since February, driven by optimism surrounding a new U.S.-U.K. trade agreement and potential progress in upcoming trade talks with China .

Technical indicators suggest bullish momentum, with the relative strength index (RSI) 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. Conversely, if the $100,000 level fails to hold, prices could retrace to around $92,000, where significant technical support lies .

The broader cryptocurrency market is also experiencing gains, with Ethereum (ETH) climbing to $2,400 before settling around $2,300. This rally is fueled by heightened investor optimism and institutional interest .

For a visual representation of Bitcoin's recent performance, here's a chart illustrating its price movement:

Please note that cryptocurrency prices are highly volatile and can change rapidly. It's advisable to consult real-time data and conduct thorough research before making any investment decisions.