Bitcoin is approaching the $100,000 mark with significant trading volume, rising 2,000 points recently. Analysts predict sustained momentum due to the Federal Reserve’s policies and macroeconomic conditions. Major Bitcoin ETFs are at record highs, reflecting increased mainstream investment interest. Trade speculations linked to the UK may energize the market further, alongside positive trends in altcoins like Ethereum and Ripple.
Bitcoin is on the verge of breaking records, poised to shatter the $100,000 threshold as its trading activity soars. Recent data from CoinMarketCap shows an impressive 24-hour trading volume of around $50 billion. Bitcoin’s price has fluctuated between $95,829 and $99,406 during this time, suggesting a volatile yet bullish market.
Piyush Walke, who works as a derivatives research analyst at Delta Exchange, noted that this optimistic trend is likely to continue. He attributes much of this momentum to the Federal Reserve’s commitment to combatting inflation, which signals a steady tight monetary policy. Such an environment can be positive for assets like Bitcoin.
Similarly, Edul Patel, the co-founder and CEO of Mudrex, pointed out that the Fed’s cautious approach on interest rates, combined with liquidity measures in China, has fostered an encouraging macroeconomic climate for cryptocurrencies. Indeed, Bitcoin’s price surge, which includes a notable gain of 2,000 points, underlines its emerging role as a reliable store of value beyond mere speculation.
In a sign of growing acceptance, Bitcoin exchange-traded funds (ETFs) have reached an astonishing $40.62 billion in total inflows, marking a shift towards Bitcoin being considered a mainstream investment asset. This increasing interest indicates the cryptocurrency’s evolution over time.
Speculation among Bitcoin traders is heating up, particularly following hints dropped by US President Donald Trump regarding a forthcoming trade deal with the UK. Trump alluded to this “major trade deal” in a social media post on May 7, which The New York Times confirmed to be true. Market participants are eager to see how this may energize trading further.
Meanwhile, Ethereum—Bitcoin’s closest rival—has also seen positive movement, with its price increasing by 3.96%, now standing at $1,899.90. Other altcoins, including Solana (SOL), Cardano (ADA), and Ripple (XRP), have reported gains, reflecting an optimistic sentiment among investors in the crypto space.
Interestingly, Bitcoin last crossed the $100,000 threshold on February 1, 2025, during a brief surge after Trump proposed tariffs on various countries, including China, Canada, and Mexico. As the crypto giant approaches this landmark again, it is clear that its role as a mainstream investment vehicle is gaining traction.
Frequently Asked Questions
When was Bitcoin created? Bitcoin was introduced by Satoshi Nakamoto as a decentralised digital currency, revolutionising transactions through blockchain technology without needing intermediaries like banks.
Has Bitcoin ever crossed the $100,000 mark before? Yes, it has done so previously, most notably in 2025.
What is Bitcoin’s all-time high price? Specific figures may vary depending on exchanges, but it is known to have exceeded $100,000 in its prior runs.
