#BTCBackto100K Amid Renewed Optimism

Bitcoin has once again crossed the $100,000 threshold, trading at approximately $103,621 as of May 9, 2025 . This resurgence follows a 5.3% gain in the past 24 hours, spurred by the announcement of a new U.S.-U.K. trade deal .

The market's optimism is further bolstered by President Donald Trump's recent executive order establishing a Strategic Bitcoin Reserve, positioning the U.S. as the largest known state holder of Bitcoin with approximately 200,000 BTC . Additionally, institutional interest continues to grow, with BlackRock's Bitcoin ETF amassing $40 billion in assets within 211 days .

Analysts project a bullish outlook for Bitcoin, with forecasts ranging from $150,000 to $250,000 by the end of 2025 . Factors contributing to this optimism include increased institutional adoption, favorable regulatory developments, and the recent halving event in April 2024, which historically precedes significant price surges .

While Bitcoin's correlation with traditional risk assets persists, its recent performance underscores its potential as a hedge against economic uncertainty . As the cryptocurrency market continues to evolve, Bitcoin's trajectory remains a focal point for investors worldwide .