Bitcoin $BTC surged past $99,000 on May 8, 2025, nearing the $100,000 milestone amid a bullish market rally. The price reached $99,421 before settling around $98,950, marking its highest level since March. This surge was driven by renewed institutional interest, a steady U.S. Federal Reserve interest rate, and optimism over a U.S.-U.K. trade agreement. $ETH also saw gains, breaking past $3,500. Analysts suggest that a daily close above $99,700 could pave the way for Bitcoin to surpass $100,000, though resistance remains strong. The crypto market's momentum reflects growing investor confidence and favorable macroeconomic conditions.
