BTC Back Above $100,000 as Bulls Regain Control
Bitcoin has surged back above the $100,000 mark as of May 8, 2025, reclaiming a critical psychological level and reigniting bullish sentiment across the entire crypto market. At the time of writing, BTC is trading around $101,125, according to Binance and CoinGecko, marking a sharp bounce from its early May lows around the $93K range.
This isn’t the first time Bitcoin has crossed six figures its first breakout above $100K happened back in March during the post-halving rally. But what’s noteworthy now is the sustained strength and market confirmation that this level may finally be turning from resistance into support.
Why Bitcoin Is Ripping Again
There’s no single reason behind the latest BTC breakout it’s a confluence of bullish catalysts. The biggest drivers include:
•ETF Inflows: BlackRock’s IBIT and Fidelity’s FBTC saw over $1.8B in net inflows this week alone, pushing total assets under management in U.S. spot Bitcoin ETFs past $60 billion.
•Weakening U.S. Dollar: DXY has slumped below 100 as bond yields slide and investors eye potential Fed rate cuts in Q3.
•Trump Trade Deal Speculation: A surprise tweet from Donald Trump teasing a “historic trade deal with a key ally” (rumored to be the UK) injected fresh optimism into risk markets.
•Crypto as Macro Hedge: Bitcoin is increasingly behaving like “digital gold” in an environment of fiat uncertainty and banking volatility.
BlackRock, Fidelity, and the ETF Flow Tsunami
Spot Bitcoin ETFs are the real engine behind this leg of the rally. Analysts are calling it the “second wave of institutional adoption”, as BlackRock’s IBIT and Fidelity’s FBTC now rank among the top 10 ETFs by inflows in 2025.
These ETFs allow traditional finance players to gain BTC exposure without touching a wallet or a seed phrase something that’s brought in pensions, family offices, and even sovereign funds.
As of today, IBIT alone holds over 320,000 BTC, and it’s buying more daily than the network is minting. Post-halving scarcity, combined with relentless ETF demand, is putting real upward pressure on price.
Ethereum and Solana Join the Party
While Bitcoin leads the charge, the bullish momentum is spreading. Ethereum ($ETH) is back above $2,000 for the first time since early April, fueled by speculation that a spot ETH ETF could be approved later this year. On-chain data also shows renewed staking inflows, and gas fees are rising a classic sign of increasing activity.
Meanwhile, Solana ($SOL) is reclaiming $170 as meme coins like SLERF, TURBO, and WUFFI continue to dominate volume across Solana DEXs. Traders are rotating profits from meme coin plays back into SOL, boosting its price and on-chain metrics.
Altcoin Season Teasers, But BTC Still Dominates
There’s chatter of an incoming altseason, but BTC dominance remains strong—hovering just under 52% today. With institutions focusing almost entirely on Bitcoin, many analysts expect BTC to continue leading the market in the short term.
Still, certain narratives are popping. AI tokens are heating up again, meme coin volume is holding steady, and Layer-2 ecosystems like Base and Blast are growing fast. But for now, Bitcoin is the undisputed king of this rally.
Final Take: This $100K Reclaim Feels More Sustainable
When BTC first hit $100,000 in March, it was fast, euphoric, and followed by a sharp retrace. This time, it feels like the market is building a real base above $100K, not just flirting with it.
With institutional demand stronger than ever, macro tailwinds building, and supply shrinking post-halving, all signs point to continued strength at least in the near term. Whether $120K is next or we chop around here for a while, one thing is clear:
Bitcoin is no longer a fringe asset. It’s moving like a global macro asset class and $100K is just another number now.
