According to Richard Teng, Bitcoin breaking the $100,000 mark is a major indicator of its market resilience during periods of economic turbulence (source: @_RichardTeng on Twitter, May 8, 2025). This milestone reinforces Bitcoin's growing role as a preferred alternative asset among institutional and retail investors. For traders, the breakout above $100K is a crucial technical signal that may increase bullish sentiment and trigger higher trading volumes across the crypto market. As more participants recognize Bitcoin's hedging potential, its dominance could drive correlated moves in altcoins and broader digital asset markets.

According to André Dragosch, Bitcoin is currently experiencing a price surge due to the persistent weakness of the US Dollar. The Dollar Index (DXY) has just reached its lowest level since March 2022, which is contributing to the increasing attractiveness of Bitcoin as an alternative asset. Traders are advised to monitor the Dollar's performance closely, as further declines could continue to support Bitcoin's upward momentum.