As of May 8, 2025, Bitcoin $BTC is trading at approximately $99,077 USD, reflecting a 2.45% increase from the previous close. The intraday high reached $99,835, while the low was $95,959.

This surge is attributed to several factors:

Favorable Economic Policies: China's recent monetary easing, including a reserve requirement ratio cut and interest rate reduction, has increased market liquidity and risk appetite, contributing to Bitcoin's price jump.

Institutional Investment: Significant purchases by major institutions, such as BlackRock's acquisition of $37.2 million worth of $BTC Bitcoin, signal strong institutional confidence in the cryptocurrency market.

Technical indicators suggest strong momentum, with analysts anticipating a potential breakout above the $100,000 mark.

For a visual representation of $BTC Bitcoin's recent performance, here's a price chart:

Feel free to ask if you need more detailed analysis or information on specific aspects of the cryptocurrency market.

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