As of May 8, 2025 at 10:01 AM ET, Bitcoin (BTC) is trading at approximately $99,271.20, marking a 2.27% increase over the past 24 hours.
This surge brings BTC close to the significant $100,000 threshold, a level not seen since February.
Key Factors Driving Bitcoin’s Price Surge
BTC Market Outlook on May 8, 2025
Analysts suggest that if Bitcoin maintains its current momentum, it could surpass the $100,000 mark and potentially target $105,000 in the near term.
However, they also caution about potential short-term volatility, especially with upcoming macroeconomic events like the Federal Reserve’s interest rate decisions.
BITCOIN GUIDES & RESOURCES:
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