"I just played today's #Binance Word of the Day! 🔑💡 It's a great way to learn new crypto terms and earn Binance Points! Here’s the word for today: Can you guess its meaning?
Bitcoin Breaks $99K: Eyes Set on $100,000 Milestone
May 8, 2025 — Bitcoin (BTC) has surged past the $99,000 mark for the first time in its history, signaling strong bullish momentum and bringing it within striking distance of the long-anticipated $100,000 milestone.
The latest rally comes in the wake of the U.S. Federal Reserve’s decision to hold interest rates steady between 4.25% and 4.50%. This move has bolstered investor confidence in risk-on assets like cryptocurrencies. BTC's price climbed over $2,400 in the last 24 hours alone, reaching an intraday high of $99,835.
Adding fuel to the rally, U.S. President Donald Trump hinted at a “major trade deal” in the works with a “highly respected country,” further boosting market optimism. On-chain data also shows Bitcoin’s realized capitalization has hit a new all-time high of $890 billion, suggesting strong conviction among holders.
Institutional support remains robust. Investment giant BlackRock now holds over 614,000 BTC, valued at roughly $58 billion, cementing its position as one of the top institutional holders.
The market sentiment is clearly bullish. The Crypto Fear & Greed Index has climbed to 65—indicating growing investor confidence. Analysts say if Bitcoin can maintain support above $97,000, a breakout to $100,000 could happen over the weekend.
As BTC approaches this psychological barrier, all eyes are on whether it can sustain momentum and rewrite crypto history once again.
Just finished the Binance Word Game and I’m super excited to share that I’ve successfully completed it! 💪🏆
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The market is heating up again, and here are 3 altcoins that deserve your attention this week! 🔍 --- 1. Arbitrum (ARB) 🔗 Layer-2 hype is back! With growing DeFi activity and ecosystem development, ARB could see a breakout if BTC holds strong. Support: $1.05 | Resistance: $1.25 --- 2. Injective (INJ) ⚡ INJ has been one of the strongest performers of Q1. Look for a continuation if volume spikes this week. Support: $26.40 | Resistance: $30.10 3. BNB (Binance Coin) 🔥 BNB continues to show resilience, especially with rising activity on Binance Smart Chain. Could see upside if sentiment improves. Support: $580 | Resistance: $620 Final Thoughts 🧠 Altcoins remain volatile, but smart entries with tight risk management can pay off. Always DYOR and manage your risk-to-reward ratio! 📊 What are you watching this week?
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