#Bitcoin surged past $100,000 on May 8, 2025, hitting $103,000, driven by optimism over U.S.-U.K. trade deals and expected Federal Reserve rate cuts. #BTC held strong above this milestone, with analysts predicting a potential rally to $110,000 in May due to strong institutional inflows, notably BlackRock’s spot Bitcoin ETF (IBIT) recording $356.2M on May 9. #Cryptocurrency markets saw renewed bullish sentiment, with Ethereum jumping 26% after its Pectra upgrade. Standard Chartered’s Geoffrey Kendrick apologized for a “low” $120,000 Q2 target, suggesting higher highs. However, trading volumes on Coinbase dipped, hinting at cautious large players. #BTC’s Sharpe ratio of 1.72 underscores its maturity as an asset. Pro-crypto U.S. policies, like New Hampshire’s Bitcoin reserve bill, bolster confidence. Yet, risks like profit-taking or global trade tensions linger. Robert Kiyosaki urged followers to adopt #Bitcoin over “fake money.” Price predictions for 2025 range from $100,012 to $168,000, with ARK Invest eyeing $1.2M by 2030. #Crypto traders await confirmation of $100,000 as new support.[](https://cointelegraph.com/news/what-happened-in-crypto-today)[](https://cointelegraph.com/news/chance-of-bitcoin-price-highs-above-110-k-in-may-increasing-here-s-why)[](https://decrypt.co/318680/why-bitcoins-price-rising-today)