$BTC As of May 8, 2025, Bitcoin (BTC) is trading at approximately $99,101 USD, reflecting a 2.55% increase over the past 24 hours.
Key Market Metrics:
24-Hour Trading Range: $95,959 – $99,835
Market Capitalization: Approximately $1.97 trillion
24-Hour Trading Volume: Around $50 billion
Bitcoin's price is approaching the significant $100,000 milestone, driven by bullish market sentiment and recent macroeconomic developments. The Federal Reserve's decision to maintain interest rates has bolstered investor confidence, while hints from former President Donald Trump about a potential major trade deal have further fueled optimism in the crypto market.
Analysts are closely monitoring Bitcoin's movement, with some suggesting that a breakout above $100,000 could lead to new all-time highs. However, others caution about the possibility of a double-top formation, which could signal a potential price reversal.
