#BTCBreaks99K

**News: Bitcoin Approaches $100,000 Barrier on May 8, 2025 Amid Market Optimism**

The price of Bitcoin rose to **$99,680** on May 8, 2025, marking an increase of **2.71% over 24 hours**, as expectations strengthen for a breakthrough of the important psychological barrier at $100,000 soon. This rise was supported by U.S. President Donald Trump's announcement of an anticipated trade agreement with the United Kingdom, which eased inflation fears and restored confidence in risk markets.

Technically, Bitcoin maintained support above **$95,000**, with analysts like Michael van de Poppe predicting it will reach $100,000 within 1-2 days, supported by high trading volumes and an increase in institutional fund flows. Other cryptocurrencies also rose, such as **Ethereum 4%** and **Dogecoin 5%**, reflecting an overall improvement in market sentiment.

The market capitalization of Bitcoin reached **$1.98 trillion**, continuing its dominance at 70% of the cryptocurrency market, reaffirming its status as a key investment choice. In light of these developments, observers expect the bullish momentum to continue while monitoring decisions from the U.S. Federal Reserve and global trade initiatives.