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BlockNews
Home CRYPTO BITCOIN

Bitcoin BTC Breaks 100,000, But Now What? Here is What You Need to Do Now

Michael Juanico by Michael Juanico
May 8, 2025
in BITCOIN, CRYPTO, FINANCE, OPINION
Reading Time: 3 mins read
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  • Bitcoin surged past $100K after Trump teased a U.S.-UK trade deal, rallying over 4% to $100,801.04.
  • Ether, Solana, and Dogecoin followed Bitcoin’s lead, posting gains of 12%, 9%, and 11% respectively.
  • Despite the surge, Bitcoin faces resistance at $109,350, with analysts warning of a possible trading range between $70K and $109K.

Bitcoin made a dramatic comeback on Thursday, rocketing past $100,000 for the first time since February. The flagship crypto was up over 4%, trading at $100,801.04, according to Coin Metrics. The surge kicked off overnight after President Trump hinted at a major U.S.-UK trade deal, and momentum kept building as the announcement unfolded. Stocks rallied too, with the Dow jumping nearly 400 points.

BREAKING: BITCOIN $BTC RECLAIMS $100,000 FOR THE FIRST TIME IN 90 DAYS 🚀 pic.twitter.com/olA5rQFPa2

— BlockNews (@blocknewsdotcom) May 8, 2025

Antoni Trenchev, co-founder of Nexo, called Bitcoin’s move a “bouncebackability” moment. “Not only has Bitcoin reclaimed $100K, but it’s reminding everyone why it’s the ultimate comeback asset,” he said. With investor confidence in U.S. markets wavering, Bitcoin’s perceived safe haven status is getting a fresh look, especially as the Trump administration plays it hot and cold on tariffs.

Crypto Rally Picks Up Steam

Bitcoin’s rise seems to be pulling the broader crypto market up with it. Ether jumped 12%, Solana’s token gained 9%, and Dogecoin shot up 11% as risk appetite surged. Since April 3, the day after Trump first floated his tariff policy, Bitcoin’s up 16%. For comparison, spot gold has climbed just 6%, while the S&P 500 remains mostly flat.

Eyes on $109K — Trenchev’s Cautious Optimism

Despite Bitcoin’s surge, Trenchev says it’s not out of the woods yet. “The real test is $109,350 — that’s the January high,” he said. “If it can’t break that, we’re still stuck in this trading range between $70K and $109K.”

Bitcoin Btc Price Chart

Still, the rebound from last month’s low of $74,000 has been impressive. “The retaking of $100,000 must go down as one of Bitcoin’s more formidable feats,” Trenchev added. “It’s a classic case of buying peak fear and coming out on top.”

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinCoin MetricscryptoNexoPresident Trump
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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