As of early Saturday, May 10, 2025, $BTC is trading at approximately $102,952, reflecting a slight decrease of 0.07% over the past 24 hours.
Bitcoin has recently surged past the $100,000 mark, reaching a peak of $104,082 before stabilizing around $103,000. This rally is attributed to several factors:
Institutional Investment: A significant influx of institutional capital and spot Bitcoin ETF inflows have bolstered the price.
Regulatory Developments: The U.S. has legalized strategic $BTC reserves, signaling increased governmental support for cryptocurrency adoption.
Global Market Sentiment: optimism following a U.S.-U.K. trade deal and expectations of favorable regulatory environments under President Donald Trump's administration have contributed to the positive market sentiment.
Analysts suggest that if $BTC maintains its position above key resistance levels, it could test new all-time highs, with some projecting targets up to $160,000.
However, it's important to note that momentum indicators show weaker strength compared to earlier highs, prompting cautious optimism among investors.
