Bitcoin nears 100k milestone again as bullish momentum returns, signaling a renewed phase of market enthusiasm. The leading cryptocurrency is now approaching levels not seen since early 2025, driven by a rebound from macro-driven lows and rising institutional interest. Liquidations of bearish positions and growth across the broader crypto market have added momentum to the recent rally.
BTC price reaches highest level since February 2025
Bitcoin has once again approached the $100,000 mark for the first time in three months. On the morning of May 8, the price of BTC rose above $99,000, reaching a new local high not seen since February. Just a month ago, Bitcoin was trading nearly 30% below its current levels, briefly dipping below $75,000 following Donald Trump’s announcement of new trade tariffs, which triggered a drop in equity indices.
As of 11:05 a.m. Moscow time, Bitcoin trades at $99,383—only about 9% below its all-time high of $109,000 recorded on January 20. This rebound represents a 30% gain from April’s local low and reflects revived optimism across the cryptocurrency sector.
Market-wide rally boosts investor sentiment
Ethereum (ETH), the second-largest cryptocurrency by market cap, gained 5% in 24 hours to trade above $1,900. Every asset in the top 100 by market capitalization showed daily gains, with several rising over 10%. The total crypto market capitalization once again surpassed the $3 trillion mark.
According to Coinglass data, more than $200 million worth of short positions were liquidated in the past 24 hours, with nearly half attributed to Bitcoin. Liquidations occur when a leveraged position moves against the trader, and the exchange forcibly closes it due to insufficient collateral. This cascade effect adds to upward pressure on prices during bullish moves.
Sentiment and forecasts for May
The Crypto Fear and Greed Index remains in “greed” territory for the third day in a row, holding at 65/100. This suggests that investors are leaning toward buying rather than selling.
Analysts interviewed by RBC Crypto describe the outlook for May as moderately positive, though caution against external risks like new trade tariffs and U.S. recession signals. They predict that Bitcoin may fluctuate between $98,000 and $106,000 in the short term. A break above $100,000 could be supported by dovish signals in U.S. monetary policy, especially if traditional financial markets remain stable.
Market participants are keeping a close watch on Donald Trump’s policy statements and equity market reactions, which may continue to influence Bitcoin’s price action in the weeks ahead.
