Bitcoin blows up the market: $100,000 broken — and this is just the beginning!
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:
- Macro tailwinds: Growing expectations of Fed rate cuts, reinforced by Donald Trump’s calls for lower interest rates, have fueled risk appetite across markets — Bitcoin included.
- US – UK trade deal hype: Hints of a potential trade agreement between the US and the UK announced by President Trump added a major boost to market sentiment, sparking a rally.
- Institutional demand: Massive inflows into US spot Bitcoin ETFs continue. Over $1.8 billion flowed in last week alone, with some sources reporting $2.68 billion by Thursday — the largest weekly inflow since mid-December 2024. Companies like MicroStrategy are leading the charge with more BTC purchases.
- Weaker dollar & falling bond yields: These trends have enhanced Bitcoin’s appeal as a hedge.
- Market sentiment & BTC dominance: Breaking above $100K triggered optimism and possible FOMO (fear of missing out). Bitcoin’s market dominance now exceeds 60%, the highest since early 2021, reflecting investor preference for BTC over altcoins in the current phase.
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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