As of May 8, 2025, Bitcoin has surpassed the $100,000 mark, trading at approximately $101,144 USD. This marks a significant milestone, with the cryptocurrency reaching its highest point since February.
$BTC Bitcoin (BTC)
$101,144.00
+$4,311.00(+4.45%)Today
1D5D1M6MYTD1Y5Ymax
3:30 PM
The recent surge is attributed to several factors:
Trade Deal Optimism: A significant trade agreement between the United States and the United Kingdom has eased concerns over trade tensions, boosting investor confidence. Barron's+3Reuters+3Investopedia+3
Institutional Support: Companies like MicroStrategy have announced plans to expand their Bitcoin holdings, signaling strong institutional confidence. CoinMarketCap
Regulatory Developments: Arizona and New Hampshire have established strategic Bitcoin reserves, further legitimizing the cryptocurrency. Investor's Business Daily
Looking ahead, projections for Bitcoin's price in 2025 vary:
Conservative Estimates: Experts from CoinMarketCap predict a range between $98,093 and $177,384, with an average price of $148,308 by year-end. CoinMarketCap
Optimistic Forecasts: Analysts from CoinShares, Matrixport, and Galaxy Digital suggest potential peaks between $150,000 and $250,000, driven by institutional demand and favorable government policies.
For a visual representation of Bitcoin's recent price movements, refer to the following chart:
The Economic Times
Image Source: CoinDesk
This chart illustrates Bitcoin's journey toward the $100,000 threshold, highlighting the significant growth and investor interest in the cryptocurrency market.
