$BTC As of May 9, 2025, Bitcoin (BTC) is experiencing a significant surge, trading at approximately $103,082 USD, up by $3,409 (3.42%) from the previous close.

This bullish momentum is attributed to several factors:

Institutional Inflows: Over $5 billion has flowed into Bitcoin ETFs recently, indicating strong institutional interest.

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 establishment of a U.S. Strategic Bitcoin Reserve has further legitimized Bitcoin as a national asset.

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

Investors are advised to monitor key support and resistance levels, as well as market sentiment, to navigate the evolving landscape of the cryptocurrency market.