🚀 Crypto Market Soars: BTC Breaks $100K, ETH and Altcoins Rally | May 8, 2025

The crypto market surged today, with Bitcoin (BTC) surpassing $100,000 for the first time since January, reaching $101,075 and marking a 5% daily gain. Ethereum (ETH) also experienced a significant rise, climbing over 14% to trade above $2,060.

The overall market capitalization increased by more than 3%, surpassing $3 trillion. Altcoins joined the rally, with Cardano (ADA) up nearly 10% and XRP gaining over 5%, trading at $0.733 and $2.24 respectively.

This bullish momentum is attributed to factors such as anticipated Federal Reserve rate cuts and positive macroeconomic indicators.