Bitcoin Real-Time News Flash | May 9, 2025
Breaking the $100,000 Barrier: The Crypto Frenzy Amid Institutional and Policy Dance
1. Price Dynamics: Bitcoin Surpasses $100,000, Ethereum Soars 28% in a Day
In the early hours of today, the price of Bitcoin broke through the $100,000 barrier, reaching a high of $103,767.7, with a 24-hour increase of 4.31%, marking a new high since December 2024. Ethereum performed even stronger, soaring nearly 28% in a single day to $2,473.35, driving a widespread rise in the crypto market. Trump-themed Meme coins and Dogecoin also rose over 10%.
2. Driving Factors: Policy Easing and Institutional Influx
Trade Agreement Easing: The U.S. and U.K. reached a new tariff agreement, reducing tariffs on automobiles, agricultural products, and more, alleviating global market tensions and accelerating capital inflow into crypto assets.
Federal Reserve Policy Expectations: Although interest rates remain unchanged, Powell hinted at potentially ending balance sheet reduction early, leading to heightened expectations for interest rate cuts within the year, supporting Bitcoin's rise.
Institution and Government Accumulation: New Hampshire and Arizona in the U.S. passed bills to allocate Bitcoin reserves; El Salvador continues to accumulate; MicroStrategy announced plans to raise $84 billion to purchase Bitcoin within two years, with institutional holdings exceeding 8% of circulating supply.
3. Market Response and Risk Warnings
High Leverage Triggers Liquidation Surge: Nearly 230,000 people were liquidated across the network in the past 24 hours, with amounts exceeding $1 billion, and the largest single liquidation reaching $11.96 million (Binance-BTC).
Technical Pullback Risks: If the price falls below the support level of $93,780 in the short term, it may trigger a double liquidation for both bulls and bears; long-term holders are concentrated in the $98,000-$100,000 range, requiring caution against increased volatility.
4. Future Outlook: Strengthened Institutional Pricing Power, Target Price Raised to $200,000
Standard Chartered analyst Jeffrey Kendrick revised his forecast, suggesting that Bitcoin could approach $200,000 by the end of the year. Technical indicators show that after stabilizing above $100,000, it may challenge $120,000, with the derivatives market seeing new highs in open interest and strong bullish sentiment.
Bitcoin breaking through $100,000 is not just a price milestone but also a symbol of institutional dominance in market pricing power. Policy easing, liquidity expectations, and ecosystem maturity are jointly driving crypto assets towards mainstream acceptance. However, high volatility and regulatory uncertainties remain potential risks, requiring investors to respond rationally to market exuberance.
