$BTC Today, May 8, 2025, Bitcoin (BTC) has once again surpassed $100,000 USD, reaching an intraday high of $101,879 USD. This rally is attributed to several key factors:

Trade agreement between the U.S. and the U.K.: The announcement of a new trade agreement between both countries has reduced economic tensions, boosting investor confidence in risk assets like Bitcoin.

Flows into Bitcoin ETFs: Bitcoin exchange-traded funds (ETFs) have experienced net inflows exceeding $4 billion, contributing to the price increase.

Approval of laws on BTC reserves in the U.S.: Three U.S. states have passed laws allowing institutions to hold reserves in Bitcoin, reinforcing its legitimacy as a financial asset.

Additionally, the total market capitalization of cryptocurrencies has surpassed $3.1 trillion, with Bitcoin accounting for more than 60% of this value.

This bullish momentum has led some analysts to consider that the target of $120,000 for the second quarter may be conservative.