According to The Kobeissi Letter, Bitcoin has surged above $100,000 for the first time since February 7th, signaling renewed bullish momentum in the cryptocurrency market. This breakout is likely to attract increased institutional interest and higher trading volumes across major exchanges, as traders anticipate further upside and volatility (source: The Kobeissi Letter, May 8, 2025). The milestone price level often acts as a psychological barrier, prompting both profit-taking and fresh long positions, which could lead to short-term price swings. Altcoins and related crypto assets are also expected to see heightened activity as market sentiment improves.