$BTC $BTC
Bitcoin has surged past the $100,000 mark for the first time in three months, reaching an intraday high of $104,000 on May 8, 2025. This 33% rally from April lows of $75,000 is attributed to renewed investor confidence following a U.S.-U.K. trade agreement and increased institutional interest, including $5.3 billion in inflows into spot Bitcoin ETFs over the past three weeks .
The rally has also positively impacted crypto-related stocks. MicroStrategy, now operating as "Strategy," saw its shares rise by 5.6% to $414.38, marking a 76% increase since early April . Similarly, Coinbase's stock rose by 6%, and Bitcoin mining companies like Riot Platforms and Mara Holdings experienced gains of 7% and 8%, respectively .
Analysts are now questioning whether previous upside targets for Bitcoin are too conservative. Standard Chartered has raised its Q2 price target to $120,000, citing factors such as strategic reallocation away from U.S. assets, strong whale accumulations, and regulatory tailwinds . Some traders are even considering the possibility of Bitcoin reaching $200,000 by year-end.
However, caution remains due to low trading volumes and lingering tariff uncertainties. While the current momentum is strong, traders are advised to remain vigilant as short-term volatility could still impact the market .
