$BTC As of May 9, 2025, Bitcoin (BTC) is experiencing significant bullish momentum, trading at approximately $103,066, marking a 4.25% increase from the previous close. The day's trading has seen BTC reach an intraday high of $103,513 and a low of $98,813.

This surge is attributed to several factors, including a substantial inflow of institutional investments. Notably, Fidelity has invested $35.3 million in Bitcoin, and BlackRock's Bitcoin ETF recorded a $69 million daily inflow on May 9, 2025 . Additionally, the creation of 344,620 new Bitcoin wallets indicates a growing interest from retail investors .

The broader cryptocurrency market is also witnessing positive trends, with Ethereum (ETH) rising to $2,202.19, reflecting a 19.60% increase . Analysts suggest that if this momentum continues, Bitcoin could challenge its all-time high of $109,026.02 set earlier this year.

In summary, Bitcoin's current performance underscores a renewed confidence in the cryptocurrency market, driven by both institutional and retail participation.