#BTCBreaks99K
Bitcoin Breaks $99K, Eyes $100K Amid Global Trade Optimism
Bitcoin (BTC) surged past $99,000 on May 8, 2025, reaching $99,401, fueled by optimism surrounding a U.S.-UK trade deal announced by President Donald Trump. The cryptocurrency gained 2.4% in 24 hours, with market sentiment boosted by falling bond yields, a weakening dollar, and $1.8 billion in spot Bitcoin ETF inflows last week. Analysts note Bitcoinโs market dominance at 60%, signaling strong bullish momentum. Resistance at $100,000 looms, with upcoming U.S. budget data and CPI reports on May 12-13 potentially impacting the next move.
