🚀 Crypto Market Update: May 8, 2025 | #TradeStories 🚀

$BTC Bitcoin Eyes $100K Amid Historic Rally BTC surged past *$98,000* today, inching closer to the $100K milestone, fueled by institutional inflows and a bullish reaction to the Fed’s rate pause and Trump’s trade deal optimism. Whale activity is heating up, with a high-leverage trader locking in **$970K unrealized profit* via a 40x long position on BTC.

Altcoins Show Mixed Momentum

$ETH Ethereum’s Pectra upgrade went live, enhancing scalability and staking efficiency, though ETH price remains stable at ~$1,815.

- SUI and Solana stole the spotlight as staking yields surged, with SUI hitting $1.7B in 24-hour volume —outpacing BNB and Cardano.

$XRP held strong above $2, supported by whale accumulation and hopes tied to US-China trade talks.

Macro Moves & Market Sentiment

The Fed held rates steady at **4.25%-4.5%**, sparking a risk-on rally in crypto and equities. Analysts warn of volatility ahead as traders watch for potential rate cuts and tariff impacts. Meanwhile, Bitcoin’s dominance hit 58.3%,

#BTCtrade #TradeStories #BTCBreaks99K #FOMCMeeting

squeezing altcoin liquidity but solidifying its safe-haven appeal.