The crypto juggernaut shows no signs of fatigue as Bitcoin has once again breached the psychologically significant $100,000 threshold—a feat accomplished for the second time in 2025. The premier cryptocurrency reached an impressive $104,000 on May 8, capping a week of notable gains that have market analysts dusting off their most hyperbolic metaphors.
Bitcoin’s meteoric rise continues, shattering the $100,000 ceiling with effortless momentum that defies bearish predictions.
This resurgence follows Bitcoin’s initial flirtation with six figures in December 2024, when post-election market euphoria propelled the digital asset into uncharted territory. The current rally, however, appears to have more substantial underpinnings. Institutional dollars continue to flow into spot ETFs with the inevitability of gravity. Macroeconomic tailwinds (including that peculiarly consequential U.S.-U.K. trade agreement) provide the narrative fuel for continued bullish sentiment.
Ethereum, Bitcoin’s perennial understudy, has predictably followed suit in this market ascension. While specific performance metrics remain somewhat elusive¹, the second-largest cryptocurrency by market capitalization continues its symbiotic dance with Bitcoin. It rises and falls in correlation with its larger counterpart, albeit with its own unique rhythm dictated by its technological utility in decentralized applications and smart contracts. This growth aligns with expert predictions that see AI integration becoming a key driver for cryptocurrency innovation and adoption through 2025.
Market technicians note significant support levels at $100,000 and $92,000. The former now serves as a psychological floor that, should it hold, could propel Bitcoin toward resistance at $107,000 and eventually $120,000. The relative strength index has moved above 70, indicating strong bullish momentum while simultaneously warning of potentially overbought conditions. January’s peak of $109,000 stands as a beacon for bulls eyeing new all-time highs.
The broader market dynamics suggest a continued positive trajectory, with global liquidity conditions and institutional adoption creating a feedback loop of investment interest. The correlation between Bitcoin’s price movements and global M2 money supply underscores how deeply integrated cryptocurrency has become with traditional financial systems. No longer the outsider, it is increasingly the beneficiary of macroeconomic policy decisions.
As regulatory frameworks continue to evolve in major economies, cryptocurrency’s mainstream journey—once unthinkable to all but its most devoted acolytes—appears to have achieved irreversible momentum.
¹A curious omission in our age of relentless data proliferation.
