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Bitcoin Surges to $99,000 — What Could be Next in Sight?
By: bitcoin ethereum news|2025/05/08 12:15:01
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Bitcoin has soared to $99,000.51 at the time of writing, gaining 2.63% in the past 24 hours, as bullish momentum sweeps across the crypto market. The latest data from CoinMarketCap shows a major uptick in trading volume, with over $46 billion traded in the last day — a 44.73% jump, suggesting strong market interest and potential institutional inflows. This surge has pushed Bitcoin’s market cap to $1.96 trillion, while its fully diluted valuation (FDV) stands at $2.07 trillion. With 19.86 million BTC now in circulation out of the 21 million maximum supply, scarcity dynamics are also contributing to upward pressure. The breakout comes just ahead of the $100K psychological barrier, a level many analysts see as both a resistance point and a symbolic milestone that could trigger further momentum — or heavy profit-taking. Today’s chart shows a clean, vertical climb from the $96.5K range in the early hours of May 8, with no signs of immediate exhaustion in volume or price action. Buyers appear in control. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/bitcoin-surges-to-99000-what-could-be-next-in-sight/
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