#As of May 8, 2025, Bitcoin ($BTC #BTCtrade ) has surged past the $100,000 mark, reaching an intraday high of $100,131. This milestone reflects a significant gain of approximately 2.6% from the previous close.

Key Drivers Behind the Surge:

1. Macroeconomic Factors: The U.S. Federal Reserve's decision to maintain interest rates between 4.25% and 4.50% has bolstered investor confidence in risk assets like Bitcoin.

2. Policy Developments: China's recent monetary easing, including a reserve requirement ratio cut and interest rate reduction, has increased liquidity and risk appetite, contributing to Bitcoin's 3% jump during the Asian trading session.

3. Institutional Interest: Significant inflows into Bitcoin ETFs, totaling $142.3 million, indicate growing institutional participation in the crypto market.

4. Technical Indicators: On-chain metrics reveal a 12% increase in Bitcoin wallet addresses holding over 1 BTC, suggesting strong accumulation by investors.

Market Outlook:

Analysts are optimistic about Bitcoin's trajectory, with some predicting a potential rise to $110,000–$120,000 in the near term. This bullish sentiment is supported by the current momentum and favorable market conditions.

For a more detailed analysis of today's Bitcoin price movements, you can watch the following video: