#BTCBackto100K #BTCtrade 🚀 Crypto Market Update: Bitcoin Reclaims $100K Amid Trade Deal Optimism 🚀
Bitcoin Soars Past $100K:
$BTC surged past the critical $100,000 mark today, trading at $101,525 (as of May 9, 2025), its highest level since February. This rally follows bullish momentum fueled by the U.S.-UK trade deal announcement and renewed institutional interest.
Key Drivers Behind the Rally:
1️⃣ Trade Deal Optimism: President Trump’s announcement of a major U.S.-UK trade agreement boosted market confidence, with BTC rising 4.8% intraday.
2️⃣ Macro Factors: Expectations of Fed rate cuts and Bitcoin’s rising correlation with Gold (30-day correlation at 0.61) strengthened its appeal as a hedge.
3️⃣ Institutional Demand: Spot ETF inflows and whale accumulation provided solid support, while over $118M in shorts were liquidated in 24 hours.
Altcoins Join the Rally:
- $ETH Ethereum (+13%), $SOL (+9%), and Dogecoin (+11%) mirrored BTC’s gains.
- Crypto market cap crossed $3.21 trillion, with meme coins and AI tokens leading the charge.
Market Sentiment & Predictions:
- Fear & Greed Index: 65 (Greed).
- Analysts eye $200K by 2025* (Standard Chartered) and even $250K (Unchained). Short-term forecasts suggest a potential 13.99% rise to $113,826 by June.
Risks to Watch:
- Volatility from profit-taking at $100K resistance.
- Geopolitical tensions (e.g., India-Pakistan) and Fed policy uncertainty.