12 May 2025
Bitcoin (BTCUSD) surged past the key $100,000 mark again on Thursday, May 8, 2025 — for the first time since February this year. During the day, BTC traded between $101,500 and $102,700, posting a daily gain of around 5.3%. Its market capitalization exceeded $2 trillion.
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Why Bitcoin is back at $100K — and what’s driving it higher:
The appointment of Paul Atkins as SEC Chair, along with a softer US regulatory stance and Arizona’s new pro-crypto law, are setting the stage for continued growth.
FreshForex analysts note that the current rally is mainly driven by institutional players, while retail investors have yet to fully engage.
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