Bitcoin is Trading Above $100,000 Again

By: coindoo|2025/05/08 23:45:02

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At the time of writing this milestone reflects a 3.63% surge in the last 24 hours, capping off a powerful upward move from under $97,000 just hours earlier.With a market cap nearing $2 trillion and daily volume up 50% to $55 billion, momentum is clearly accelerating. The circulating supply remains tight at 19.86 million BTC, just shy of the 21 million cap—adding to the bullish case as scarcity takes center stage.The price chart shows a classic breakout pattern, with strong consolidation followed by a steep vertical rally. Many analysts now speculate that this breakout could fuel the next leg toward $120,000–$150,000, especially with macro uncertainty, ETF inflows, and institutional buying all heating up.This breakout also arrives as Bitcoin dominates headlines, leaving altcoins in the dust—at least for now.In short, the king of crypto has spoken. With $100K now behind it, the next psychological battlefield is $120K... and possibly $150K. Buckle up.The post Bitcoin is Trading Above $100,000 Again appeared first on Coindoo.

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