#Here’s the latest Binance and crypto market news as of May 8, 2025, along with visual resources to keep you updated:
📈 Market Highlights
Bitcoin Surges Past $98K
Bitcoin (BTC) has climbed above $98,000, marking a 0.79% increase in the past 24 hours. This upward momentum follows the Federal Reserve's decision to keep interest rates steady on May 7, fueling optimism among traders.
Analysts Predict Potential Rally
Despite the Fed's unchanged rates, macroeconomic factors and increased liquidity injections are contributing to bullish sentiments, with projections suggesting Bitcoin could approach the $100,000 mark.
Critical Support Level Identified
Bitfinex analysts emphasize the importance of Bitcoin maintaining support above $95,000 to avoid a short-term correction, indicating this level as pivotal for continued upward movement.
