Bitcoin Breaks $99K: Eyes Set on $100,000 Milestone

May 8, 2025 — Bitcoin (BTC) has surged past the $99,000 mark for the first time in its history, signaling strong bullish momentum and bringing it within striking distance of the long-anticipated $100,000 milestone.

The latest rally comes in the wake of the U.S. Federal Reserve’s decision to hold interest rates steady between 4.25% and 4.50%. This move has bolstered investor confidence in risk-on assets like cryptocurrencies. BTC's price climbed over $2,400 in the last 24 hours alone, reaching an intraday high of $99,835.

Adding fuel to the rally, U.S. President Donald Trump hinted at a “major trade deal” in the works with a “highly respected country,” further boosting market optimism. On-chain data also shows Bitcoin’s realized capitalization has hit a new all-time high of $890 billion, suggesting strong conviction among holders.

Institutional support remains robust. Investment giant BlackRock now holds over 614,000 BTC, valued at roughly $58 billion, cementing its position as one of the top institutional holders.

The market sentiment is clearly bullish. The Crypto Fear & Greed Index has climbed to 65—indicating growing investor confidence. Analysts say if Bitcoin can maintain support above $97,000, a breakout to $100,000 could happen over the weekend.

As BTC approaches this psychological barrier, all eyes are on whether it can sustain momentum and rewrite crypto history once again.

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