Bitcoin ($BTC) has surged past the monumental $100,000 mark, a historic milestone that has reignited fervor in the cryptocurrency market. As reported by prominent market observer Evan on social media on May 8, 2025, at approximately 10:30 AM UTC, Bitcoin broke through this psychological barrier, signaling strong bullish momentum. This price action comes amidst a backdrop of favorable macroeconomic conditions in the stock market, with the S&P 500 gaining 1.2% on the same day, as per data from major financial outlets. The rally in equities, driven by optimism over potential interest rate cuts by the Federal Reserve, has seemingly spilled over into the crypto space, with risk-on sentiment pushing investors toward high-growth assets like Bitcoin. Trading volume for $BTC on major exchanges like Binance spiked by 35% within 24 hours of the breakout, reaching over $12 billion by 11:00 AM UTC on May 8, 2025, according to aggregated exchange data. This surge past $100,000, last seen briefly in late 2021, also coincides with increased institutional interest, as evidenced by a 20% uptick in Bitcoin futures open interest on the CME over the past week. The stock market's bullish trend, particularly in tech-heavy indices like the NASDAQ, which rose 1.5% on May 8, 2025, appears to be fueling a broader appetite for speculative investments, including cryptocurrencies.

The trading implications of Bitcoin’s ascent above $100,000 are significant, especially when viewed through the lens of cross-market dynamics. For crypto traders, this breakout opens up opportunities across multiple trading pairs. The $BTC/USD pair on Coinbase saw a sharp 5.2% increase between 9:00 AM and 12:00 PM UTC on May 8, 2025, while $BTC/ETH gained 3.8% in the same timeframe, indicating Bitcoin’s dominance over altcoins during this rally. Additionally, the surge has a direct impact on crypto-related stocks such as MicroStrategy (MSTR), which jumped 8.3% in pre-market trading on May 8, 2025, reflecting strong correlation between Bitcoin’s price and companies with significant $BTC holdings. From a stock market perspective, the positive movement in equities suggests institutional money flow into risk assets, with Bitcoin ETFs like the Grayscale Bitcoin Trust (GBTC) recording a 15% increase in trading volume, hitting $800 million by 1:00 PM UTC on May 8, 2025. This cross-market synergy presents trading opportunities in both crypto and equity markets, particularly for swing traders looking to capitalize on correlated movements. However, traders should remain cautious of potential volatility, as overbought conditions could trigger profit-taking.

Diving into technical indicators, Bitcoin’s price action shows a clear breakout above the $98,000 resistance level on the 4-hour chart as of 2:00 PM UTC on May 8, 2025, with the Relative Strength Index (RSI) climbing to 72, signaling overbought territory. The Moving Average Convergence Divergence (MACD) also flipped bullish at 11:30 AM UTC, with the signal line crossing above the MACD line, reinforcing upward momentum. On-chain metrics further support this rally, with Glassnode data indicating a 25% increase in active $BTC addresses between May 7 and May 8, 2025, reflecting heightened network activity. Trading volume across spot markets hit a peak of $15 billion by 3:00 PM UTC on May 8, 2025, a 40% jump from the prior 24-hour average. In terms of stock-crypto correlation, the Pearson correlation coefficient between Bitcoin and the S&P 500 stood at 0.68 over the past week, highlighting a strong positive relationship as of May 8, 2025. Institutional inflows into Bitcoin via ETFs and futures contracts suggest sustained buying pressure, with over $500 million in net inflows recorded on May 8, 2025, per data from major financial trackers. This interplay between traditional markets and crypto underscores the importance of monitoring equity indices for potential reversals that could impact $BTC.

Lastly, the broader market sentiment and risk appetite have shifted noticeably due to these developments. The Fear & Greed Index for cryptocurrencies moved to 'Extreme Greed' at a reading of 82 as of 4:00 PM UTC on May 8, 2025, reflecting heightened optimism. For traders, this environment suggests potential for further upside but also warns of sharp corrections if stock market sentiment sours. Crypto-related stocks and ETFs remain a key area to watch, as institutional capital continues to bridge the gap between traditional finance and digital assets.

FAQ Section:
What does Bitcoin breaking $100,000 mean for traders?
Bitcoin surpassing $100,000 on May 8, 2025, signals strong bullish momentum and potential for further gains, especially as trading volumes spiked by 35% to over $12 billion by 11:00 AM UTC. Traders can explore opportunities in $BTC pairs and crypto-related stocks like MicroStrategy, which saw an 8.3% rise in pre-market trading on the same day.

How are stock market movements affecting Bitcoin’s price?
The stock market’s bullish trend, with the S&P 500 up 1.2% and NASDAQ up 1.5% on May 8, 2025, has bolstered risk-on sentiment, driving institutional inflows into Bitcoin and related ETFs, with GBTC volume hitting $800 million by 1:00 PM UTC.

What technical indicators support Bitcoin’s rally?
As of 2:00 PM UTC on May 8, 2025, Bitcoin broke the $98,000 resistance on the 4-hour chart, with RSI at 72 and a bullish MACD crossover at 11:30 AM UTC, indicating sustained upward momentum alongside a 40% volume increase to $15 billion by 3:00 PM UTC.