$BTC Bitcoin (BTC) has recently experienced a notable resurgence, surpassing the $100,000 mark for the first time since early February 2025. As of May 9, 2025, BTC is trading around $103,025, reflecting a significant upward trend.

Key Factors Driving the Surge

Institutional Inflows: Bitcoin has seen substantial institutional investment, with over $5.5 billion flowing into digital asset funds in the past three weeks, including $1.8 billion into bitcoin products .

Market Sentiment: The Fear & Greed Index is currently at 73, indicating a "Greed" sentiment among investors .

Technical Indicators: Analysts point to potential resistance near $107,000 and a projected upside target around $120,000 if the rally continues .

Recent Developments

Price Movement: Bitcoin's