$BTC Bitcoin ($BTC) has surged past $100,000, reaching an intraday high of $105,525 on May 8, 2025, marking its highest level since February. This rally is attributed to renewed investor confidence following the announcement of a U.S.-U.K. trade agreement, which eased global trade tensions.
The cryptocurrency's market capitalization has climbed to approximately $1.7 trillion, reflecting increased institutional interest and inflows into Bitcoin exchange-traded funds (ETFs). Analysts suggest that if Bitcoin maintains its current trajectory, it could target its previous all-time high of over $109,000.
The broader cryptocurrency market has also benefited, with Ethereum ($ETH) experiencing gains and the total market capitalization rising to $3.32 trillion.
Traders are now eyeing altcoins, anticipating further gains amid the improving macroeconomic landscape.
