$BTC Bitcoin crosses $101K as Ripple targets USDC: What drives the crypto buzz on May 9, 2025?

By [Master and Sons Traders]

As crypto markets continue their roller coaster, today marks a major milestone with Bitcoin surpassing $101,000 for the first time since its last peak. Investors and analysts point to a mix of political movements, institutional adoption, and market sentiment as the main drivers.

Bitcoin's bull run: Politics and confidence align

The rise in Bitcoin's price is fueled by news that the U.S. government is considering holding Bitcoin as part of its strategic reserve. If this policy shift is confirmed, it would place Bitcoin alongside gold and oil as a national asset - boosting investor confidence on a global scale.

Adding fuel to the rise are record inflows into spot Bitcoin ETFs and broader acceptance from traditional finance players. With more than $70 billion traded in the last 24 hours, Bitcoin's position as market leader is stronger than ever.