Summary:
$BTC has surged past the $100,000 mark once again, sparking renewed bullish sentiment across the crypto market. With BTC dominance now exceeding 60%, capital is consolidating around Bitcoin as institutional demand and macro factors align in its favor.
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$BTC Breaks $100K for the Third Time — What’s Driving the Rally?
Bitcoin has officially reclaimed the $100,000 level, climbing to $101,075 on May 8 at 3:22 PM UTC, according to CoinGecko data. This move marks a 4.2% intraday rise from a low of $95,967 and signals the third time BTC has crossed six figures — first in December 2024, then in January 2025, and now again in May.
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Dominance Surges to Highest Levels Since 2021
Unlike previous rallies, this breakout comes with a significant rise in Bitcoin’s market dominance, which now sits above 60% — its highest since early 2021. This shift suggests a growing investor preference for Bitcoin over altcoins, possibly indicating a phase where altcoins lag while BTC leads.
December 2024: 52% dominance
January 2025: 54% dominance
May 2025: 60%+
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Institutional Inflows, Macroeconomic Factors, and Geopolitical News Fuel Momentum
Several macro and institutional catalysts are contributing to Bitcoin’s renewed strength:
Over $1.8 billion in spot Bitcoin ETF inflows in just the past week
Declining U.S. bond yields and a softer dollar increase BTC’s hedge appeal
Political optimism after President Trump hinted at a potential trade agreement with the U.K.
According to Petr Kozyakov, CEO of Mercuryo:
“With gold having a strong year, Bitcoin’s performance is reinforcing its narrative as both a hedge and long-term value store.”
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Next Stop: $110,000?
VALR’s Chief Marketing Officer, Ben Caselin, believes the rally is still largely institution-driven, with retail investors yet to fully re-enter. This could mean more room for upside:
“We could see $BTC
hit $110,000 sooner than many expect, possibly topping out later in Q4.”
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Watch These Dates: U.S. Budget & CPI Data Incoming
Vincent Liu, CIO at Kronos Research, highlights the importance of upcoming macroeconomic reports:
U.S. Federal Budget — May 12
Consumer Price Index (CPI) — May 13
Liu added: “To keep this rally alive, markets will need to see actual trade deal progress, not just speculation.”
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Bottom Line:
Bitcoin’s $100K comeback signals renewed conviction among investors. With dominance rising and institutional money flowing in, the path to $110K appears open — assuming macro data and political developments don’t derail momentum.
