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Bitcoin Smashes $100000 Mark Amid US UK Deal

  • Bitcoin surged above $100,000 on May 9, 2025, reaching an intraday high near $101,370 amid a renewed market rally.
  • This rise followed weeks of consolidation in April, supported by easing trade tensions after a new U.S.-U.K. Trade agreement and state-level crypto initiatives.
  • Institutional inflows exceeding $5.3 billion into U.S. Spot Bitcoin ETFs and optimistic projections from analysts fueled momentum despite concerns about low trading volume.
  • Standard Chartered expects Bitcoin could reach $120,000, while some experts note the rally reflects improving risk appetite but caution about potential volatility.
  • The milestone signals revived investor confidence in crypto assets as Bitcoin’s breakout coincides with broader macroeconomic improvements and institutional interest.
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Kryptoszene.de broke the news in on Thursday, May 8, 2025.
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