On May 8, 2025, Bitcoin experienced a notable increase, reaching approximately 103 000 $ USD. Several factors contributed to this rise:

📈 1. Institutional influx via Bitcoin ETFs

The approval of spot Bitcoin ETFs by the SEC facilitated institutional investors' access to the market, leading to increased demand and upward pressure on prices. markets.businessinsider.com+1Axios+1

🐋 2. Accumulation by "whales" and increase in volumes

Large entities holding significant amounts of Bitcoin ramped up their purchases, increasing transaction volumes and reinforcing bullish momentum. Analytics Insight

📉 3. Weakening of the U.S. dollar

The decline of the dollar against other currencies prompted investors to turn to alternative assets like Bitcoin, seen as a store of value.

🗳️ 4. Favorable political context

The election of Donald Trump, with pro-crypto policies, bolstered investor confidence, particularly through the appointment of Paul Atkins to head the SEC and the proposal for a strategic Bitcoin reserve. Barron's+1The Australian+1

🔄 5. Effect of the 2024 halving

The halving of mining rewards in April 2024 reduced the supply of new Bitcoins, creating a scarcity that has historically preceded significant price increases.

📊 6. Optimistic forecasts from analysts

Experts anticipate a continuation of the rise, with projections reaching up to 150 000 $ or more by August 2025, based on analyses of previous cycles. COINOTAG NEWS

In summary, the increase in Bitcoin on May 8, 2025, results from a combination of institutional, macroeconomic, and favorable political factors, supported by positive market dynamics.