Bitcoin Just Blew Past $100K Again — Here’s What’s Going On (as of May 9, 2025)
Bitcoin is back in the spotlight after crossing the $100,000 mark once again — sitting at around $102,864 as of late on May 8. That’s a solid 4.18% jump in the past 24 hours, and it’s up more than 27% over the past month. Things are heating up in crypto land.
🔥 What’s Fueling the Climb?
- Trade Talk Boost: Optimism around U.S.-China trade relations is giving markets a lift. President Trump hinted at progress on a new deal, and Bitcoin seems to be riding that wave.
- Bitcoin in State Reserves?! Yep. Arizona just became the second U.S. state (after New Hampshire) to pass a bill allowing Bitcoin to be held in state reserves. It’s another sign of growing government-level trust in crypto.
- Banking Green Light: The OCC (Office of the Comptroller of the Currency) just made it easier for U.S. banks to deal with crypto. Banks can now buy and sell crypto for clients, which is a big step toward mainstream adoption.
- ETF Inflows Surging: U.S. spot Bitcoin ETFs are pulling in serious cash — over $5.3 billion in just the last three weeks. Total assets held in these ETFs now top $110 billion. Institutions are clearly piling in.
📈 Technical Snapshot
- BTC is trending strong — trading above its 50-day and 200-day moving averages.
- RSI is at 66.69, meaning it’s bullish but not yet in “overbought” territory.
- The Fear & Greed Index is sitting at 65 (Greed) — people are feeling pretty positive right now.
⏩ What’s Next?
- Short-term predictions say Bitcoin could hit $123,460 by May 13 — that’s a potential 24% gain from where it is now.
- By June 7, some analysts expect it to reach $113,826.
- Year-end guesses? Anywhere from $133K to $168K if the momentum keeps up.
🧠 Big Picture for 2025
- Base case: Between $100K and $150K by the end of the year.
- Bullish calls: Some, like Tom Lee, say $250K isn’t out of the question. Robert Kiyosaki’s even more optimistic — predicting $500K.
- Risk factors: If things turn south (like regulatory crackdowns or a shaky global economy), BTC could pull back to around $90K, $85K, or even $74K.
💬 Why’s Everyone So Bullish?
The excitement isn’t just about price — it’s about Bitcoin becoming more legit. Between growing institutional interest, more friendly regulation, and states treating BTC like a serious asset, Bitcoin’s “digital gold” narrative is gaining real traction.
But remember — crypto is still super volatile. Prices can swing fast. Always do your own research and don’t invest more than you can afford to lose.
