$BTC Bitcoin Trade News Today (May 8, 2025)Market Overview:Price Movement: Bitcoin (BTC) has been experiencing bullish momentum recently, with prices climbing past $95,000 earlier this week, driven by optimism surrounding U.S.-China trade talks and potential de-escalation of tariffs. As of today, Bitcoin is trading around $91,000–$95,000, showing resilience despite some pullbacks.Market Sentiment: The crypto market has added significant value, with the aggregate market cap reaching approximately $3 trillion, fueled by positive trade war rhetoric and strong inflows into Bitcoin ETFs. Posts on X indicate a strong bullish sentiment, with traders noting Bitcoin flipping resistance into support and preparing for a potential new all-time high (ATH).Key Influences:U.S.-China Trade Talks: Optimism over a possible reduction in trade tensions has bolstered demand for riskier assets like Bitcoin, contributing to a 5% price surge earlier this week.Strategic Bitcoin Reserve: The U.S. government's push for a Strategic Bitcoin Reserve, signed into law by President Trump, continues to support market confidence. New Hampshire has also become the first U.S. state to allow government investment in Bitcoin, signaling growing institutional acceptance.Institutional Adoption: Major financial institutions like Charles Schwab and Morgan Stanley are exploring spot crypto trading, while CME Group plans to launch XRP futures, indicating broader crypto market integration.Regulatory Developments: U.S. banking regulators have eased restrictions on crypto-related activities for banks, potentially increasing liquidity and institutional participation.Recent Performance:Bitcoin briefly surpassed $97,000 last week amid a broader crypto rally, though it remains about 16% below its all-time high of over $109,000 from January 2025.Despite a 10% slide during Trump’s first 100 days due to tariff-related uncertainty, Bitcoin has rebounded by approximately 30% from its April lows.Analysts suggest Bitcoin could surpass $140,000 if global trade tensions ease and the Federal Reserve resumes rate cuts.#BTCtrade