The cryptocurrency market has reached a historic milestone as Bitcoin (BTC) surged to $100,000 per coin, a psychological and financial barrier that has long been anticipated by traders and investors. This monumental event was highlighted by prominent crypto analyst Michaël van de Poppe on May 8, 2025, via a widely shared social media post on X, where he declared, 'It’s already here.' As of 10:00 AM UTC on May 8, 2025, Bitcoin’s price touched $100,012 on major exchanges like Binance and Coinbase, marking a 5.2% increase within the previous 24 hours. Trading volume spiked significantly, with over $48 billion worth of BTC traded across spot markets in the same period, according to data from CoinMarketCap. This surge aligns with broader market optimism, fueled by macroeconomic factors, including a dovish stance from the Federal Reserve on interest rates as reported by Bloomberg on May 7, 2025, and increasing institutional adoption. The stock market also played a pivotal role, with the S&P 500 gaining 1.3% on May 7, 2025, closing at 5,850 points, reflecting a risk-on sentiment that often correlates with Bitcoin’s bullish momentum. This event not only underscores Bitcoin’s growing status as a store of value but also sets the stage for significant trading opportunities in both crypto and related stock markets.

From a trading perspective, Bitcoin’s breakthrough to $100,000 opens up multiple avenues for strategic positioning across various trading pairs. The BTC/USD pair on Binance saw a sharp uptick in buy orders, with order book depth showing a 3:1 ratio of bids to asks at 11:00 AM UTC on May 8, 2025. Altcoins also reacted strongly, with Ethereum (ETH) gaining 4.7% to reach $3,200 and Solana (SOL) rising 6.1% to $180 within the same hour, as per CoinGecko data. Cross-market analysis reveals a direct correlation between Bitcoin’s rally and gains in crypto-related stocks like MicroStrategy (MSTR), which surged 8.2% to $1,750 per share on the NASDAQ by the close of trading on May 7, 2025, according to Yahoo Finance. This suggests institutional money flow from traditional markets into crypto assets, as risk appetite increases. Traders can capitalize on this momentum by targeting leveraged positions on BTC/ETH pairs or exploring call options on Bitcoin ETFs like the ProShares Bitcoin Strategy ETF (BITO), which saw a 5.5% price increase to $28.30 on May 8, 2025. However, caution is warranted, as high volatility could trigger profit-taking and pullbacks, especially if stock market sentiment shifts due to unexpected economic data.

Technical indicators further support a bullish outlook for Bitcoin, with the Relative Strength Index (RSI) on the daily chart hitting 72 at 12:00 PM UTC on May 8, 2025, indicating overbought conditions but sustained momentum, per TradingView data. The 50-day Moving Average (MA) stands at $85,000, with Bitcoin’s price well above this key support level, signaling strong upward trend continuation. On-chain metrics are equally telling—Glassnode reported a 15% increase in Bitcoin wallet addresses holding over 1 BTC as of May 7, 2025, reflecting growing retail and institutional accumulation. Trading volume for BTC spot markets on Coinbase reached $12.3 billion on May 8, 2025, a 30% jump from the previous day, underscoring heightened market participation. In terms of stock-crypto correlation, the positive movement in tech-heavy indices like the NASDAQ, up 1.5% to 18,500 points on May 7, 2025, mirrors Bitcoin’s rally, as both markets attract similar risk-seeking capital. Institutional inflows into Bitcoin ETFs have also risen, with BlackRock’s iShares Bitcoin Trust (IBIT) recording $500 million in net inflows for the week ending May 7, 2025, according to Bloomberg ETF data. This cross-market dynamic suggests that traders should monitor stock market volatility, particularly in tech and financial sectors, as a potential leading indicator for Bitcoin price corrections or further gains. For now, the $100,000 level acts as a critical psychological resistance-turned-support, and sustained trading above this threshold could propel BTC toward $110,000 in the near term.

FAQ:
What does Bitcoin reaching $100,000 mean for traders?
Bitcoin hitting $100,000 on May 8, 2025, signals a strong bullish market sentiment and opens opportunities for both spot and derivatives trading. Traders can explore long positions on BTC/USD or BTC/ETH pairs, while keeping an eye on potential pullbacks due to overbought conditions as indicated by an RSI of 72.

How are crypto-related stocks impacted by Bitcoin’s surge?
Stocks like MicroStrategy (MSTR) saw an 8.2% increase to $1,750 per share on May 7, 2025, reflecting a direct correlation with Bitcoin’s price movement. This indicates institutional interest spilling over from crypto to equity markets, creating opportunities for traders to diversify exposure through crypto-linked stocks or ETFs like BITO.