#CryptoComeback The cryptocurrency market is experiencing a significant resurgence, with Bitcoin (BTC) leading the charge.

As of May 9, 2025, Bitcoin has surpassed the $100,000 mark for the first time since February, reaching approximately $103,096. This surge is attributed to several key factors:

U.S.-U.K. Trade Agreement: A new trade deal between the United States and the United Kingdom has alleviated some global economic uncertainties, boosting investor confidence in risk assets like cryptocurrencies.

Institutional Inflows: There has been a notable increase in institutional investment, with over $5 billion flowing into Bitcoin ETFs in recent weeks.

Regulatory Developments: The approval of Bitcoin spot ETFs by the U.S. Securities and Exchange Commission (SEC) has provided traditional investors with easier access to the cryptocurrency market.

Strategic Bitcoin Reserve: The U.S. government's establishment of a Strategic Bitcoin Reserve has further legitimized Bitcoin as a national asset.

Analysts suggest that if the current momentum continues, Bitcoin could potentially reach new all-time highs, with some projections targeting $120,000 or more.

Other cryptocurrencies are also experiencing gains. Ethereum (ETH) has risen to approximately $2,316, while Dogecoin (DOGE) has increased to about $0.204.