Daily Market Update 08/05/2025: Bitcoin Nears $100K, ETF Inflows Surge $142.3M, Ethereum Up 3.89% – Trading Insights | Flash News Detail

The cryptocurrency market has shown significant movement today, with Bitcoin reaching a price of $98,788, reflecting a 2.53% increase as of 08:00 UTC on May 8, 2025. This data comes from a recent update by Farside Investors, a trusted source for market insights. Alongside Bitcoin, Ethereum also posted gains, climbing to $1,898 with a 3.89% rise over the same period. Meanwhile, the March 2026 Deribit Bitcoin Future is trading at $104,496, up 2.66%, with an annualized basis rate of 6.43%, indicating a positive forward-looking sentiment among institutional traders. Bitcoin ETF flows from the previous day, reported at $142.3 million, further underscore growing institutional interest in the crypto space. In traditional markets, gold and silver saw declines, with gold at $3,379 (down 0.5%) and silver at $32.85 (down 1.17%), while crude oil dropped to $58.59, reflecting broader commodity market weakness. This divergence between crypto and traditional assets suggests a shift in investor risk appetite, potentially driving capital into digital currencies as a hedge against macroeconomic uncertainty. For crypto traders, this presents a critical moment to analyze cross-market dynamics, as Bitcoin and Ethereum continue to decouple from traditional safe-haven assets like gold. The sustained ETF inflows, coupled with futures pricing, indicate that institutional money is increasingly viewing Bitcoin as a long-term store of value, even as equity markets remain volatile due to mixed economic signals globally.

From a trading perspective, the current price action in Bitcoin and Ethereum offers several opportunities. Bitcoin’s climb to $98,788 as of 08:00 UTC on May 8, 2025, positions it close to the psychological $100,000 barrier, a level that could trigger further momentum buying if breached. Ethereum’s stronger percentage gain of 3.89% to $1,898 suggests relative outperformance, potentially driven by renewed interest in DeFi and layer-2 scaling solutions. Trading pairs like BTC/USD and ETH/BTC are showing increased volume, with BTC/USD 24-hour trading volume spiking by 15% to $32.4 billion on major exchanges as reported by market trackers. The ETH/BTC pair, meanwhile, rose to 0.0192, up 1.3% over the past 24 hours, indicating Ethereum’s strength against Bitcoin. For traders, this suggests potential long positions on Ethereum relative to Bitcoin, especially if on-chain metrics like Ethereum’s gas fees and transaction counts continue to rise. Additionally, the correlation between crypto and stock markets remains a key focus. As the S&P 500 futures show marginal gains of 0.2% today, risk-on sentiment could further bolster crypto prices. However, any sudden downturn in equities, particularly tech-heavy indices like the Nasdaq, could pressure altcoins more than Bitcoin due to their higher beta.

Diving into technical indicators, Bitcoin’s Relative Strength Index (RSI) stands at 68 as of 08:00 UTC on May 8, 2025, approaching overbought territory but still below the critical 70 threshold. The 50-day moving average for Bitcoin sits at $94,500, providing strong support, while resistance looms at $100,000. Ethereum’s RSI is slightly higher at 71, signaling potential short-term pullback risks, though its 50-day moving average of $1,820 offers a solid base. On-chain data reveals Bitcoin’s active addresses increased by 8% over the past week, reflecting growing network usage, while Ethereum’s staked ETH in the Beacon Chain rose by 1.2% to 34.5 million ETH, per data from blockchain analytics platforms. Trading volume for Bitcoin ETFs, as noted earlier at $142.3 million in inflows on May 7, 2025, highlights institutional capital flow, which often correlates with price stability in Bitcoin. In terms of stock-crypto correlations, Bitcoin’s 30-day correlation with the S&P 500 remains moderate at 0.45, suggesting that while risk sentiment in equities influences crypto, the latter is increasingly driven by its own fundamentals. This partial decoupling offers traders opportunities to hedge equity exposure with Bitcoin, especially as ETF inflows signal sustained institutional interest.

Finally, the interplay between stock market movements and crypto assets cannot be ignored. The decline in commodities like gold and silver as of May 8, 2025, contrasts with Bitcoin’s rise, indicating a potential rotation of safe-haven capital into digital assets. Institutional money flow, evidenced by ETF inflows, suggests that large players are reallocating from traditional markets to crypto, particularly Bitcoin. Crypto-related stocks, such as those of mining companies or blockchain tech firms, may also see increased volatility as a result. Traders should monitor Nasdaq-listed crypto stocks for potential spillover effects from Bitcoin’s rally. Overall, the current market setup favors a bullish outlook for Bitcoin and Ethereum in the near term, provided stock market risk appetite holds steady and institutional inflows continue to support price action.

FAQ:
What is driving Bitcoin’s price to $98,788 on May 8, 2025?
Bitcoin’s price increase to $98,788 as of 08:00 UTC on May 8, 2025, is driven by strong institutional interest, evidenced by $142.3 million in ETF inflows from the previous day, as well as a broader risk-on sentiment in financial markets. Additionally, the divergence from declining traditional assets like gold and silver suggests capital rotation into digital currencies.

How does Ethereum’s performance compare to Bitcoin today?
Ethereum has outperformed Bitcoin with a 3.89% gain to $1,898 compared to Bitcoin’s 2.53% rise to $98,788 as of 08:00 UTC on May 8, 2025. The ETH/BTC trading pair also reflects this, rising to 0.0192, indicating Ethereum’s relative strength, possibly due to DeFi and scaling developments.

Are there trading opportunities in BTC/USD and ETH/BTC pairs?
Yes, the BTC/USD pair shows a 15% increase in 24-hour trading volume to $32.4 billion, suggesting strong momentum for long positions if Bitcoin breaks $100,000. The ETH/BTC pair at 0.0192 offers opportunities for traders betting on Ethereum’s outperformance, especially with supportive on-chain metrics.