Bitcoin (BTC) has once again crossed the significant $100,000 threshold, fueled by sustained interest and substantial inflows from institutional investors. As of May 10, 2025, Bitcoin is trading at approximately $103,488.
The cryptocurrency market has seen a significant surge this week, with Bitcoin (BTC) finally breaching the psychological $100,000 mark and Ethereum (ETH) experiencing a near 30% weekly gain. This rally comes despite earlier concerns about interest rates and is largely attributed to renewed optimism surrounding US-China trade talks.
Bitcoin, which had been consolidating below $100,000 since early April, saw a fresh push past this key resistance level, reaching over $104,000 earlier today before settling around $103,000. The breakthrough is linked to reports of weekend talks in Switzerland between the US and China aimed at de-escalating their trade disputes.
While Bitcoin gained a respectable 6.3% on a weekly scale, it was overshadowed by Ethereum. The second-largest cryptocurrency has surged by almost 30% this week, hitting a two-month peak of nearly $2,500. This impressive performance follows the recent implementation of Ethereum’s “Pectra” upgrade, which promises enhanced efficiency and user-friendliness for the network.
Several other major altcoins also recorded double-digit gains, including Solana (SOL), Dogecoin (DOGE), Sui (SUI), Cardano (ADA), Bitcoin Cash (BCH), Hype (HYPE), and Shiba Inu (SHIB). The broader crypto market appears to be reacting positively to the potential for global trade de-escalation, signaling renewed investor confidence in risk assets.
