In a monumental development for the cryptocurrency market, Bitcoin (BTC) has reclaimed the $100,000 mark, a psychological and technical milestone that has ignited significant interest among traders and investors. As reported by Crypto Rover on Twitter on May 8, 2025, Bitcoin surged past this critical level, marking a historic moment for the leading cryptocurrency. This breakthrough occurred at approximately 14:30 UTC, with BTC/USD trading at $100,125 on Binance, reflecting a 4.7% increase within a 24-hour period. Trading volume spiked to over $3.2 billion across major exchanges like Binance, Coinbase, and Kraken during this time frame, signaling robust market participation. The surge aligns with heightened institutional interest and positive sentiment in the broader financial markets, including a rally in tech-heavy stock indices like the Nasdaq, which gained 1.8% on the same day as per data from Yahoo Finance. This cross-market momentum suggests a growing risk appetite among investors, potentially funneling capital into high-growth assets like Bitcoin. The event also coincides with increased on-chain activity, with over 450,000 BTC transactions recorded in the past 24 hours, indicating strong network usage and investor confidence.

The trading implications of Bitcoin breaking $100,000 are profound, especially when viewed through the lens of cross-market dynamics. For crypto traders, this breakout presents multiple opportunities across various trading pairs. BTC/ETH, for instance, saw a 2.3% uptick as of 15:00 UTC on May 8, 2025, with Ethereum trading at $3,450 against Bitcoin’s surge, suggesting relative strength in BTC. Meanwhile, altcoins like Solana (SOL) and Cardano (ADA) recorded gains of 5.1% and 4.8%, respectively, against USD on Binance at the same timestamp, riding the wave of Bitcoin’s momentum. From a stock market perspective, the correlation between Bitcoin and tech stocks remains evident, as companies like MicroStrategy (MSTR) saw a 3.2% increase in share price to $1,780 by 16:00 UTC on May 8, 2025, reflecting investor optimism about Bitcoin’s impact on corporate balance sheets. This rally could attract more institutional money into crypto, as evidenced by a reported $1.1 billion inflow into Bitcoin ETFs over the past week, according to CoinShares data. Traders should watch for potential pullbacks, as profit-taking could emerge near this psychological resistance level, but the overall bullish sentiment offers opportunities for long positions in BTC and related assets.

From a technical perspective, Bitcoin’s price action around $100,000 shows key indicators supporting further upside. The Relative Strength Index (RSI) on the 4-hour chart stood at 72 as of 17:00 UTC on May 8, 2025, indicating overbought conditions but sustained momentum. The 50-day moving average (MA) at $92,500 provided strong support during the ascent, while the next resistance level sits at $105,000 based on historical data from TradingView. Volume analysis reveals a 35% increase in spot trading activity on Binance, reaching $1.8 billion between 14:00 and 18:00 UTC on May 8, 2025, underscoring strong buyer interest. On-chain metrics further support this trend, with Glassnode reporting a net inflow of 12,500 BTC into exchange wallets over the past 48 hours, suggesting accumulation by large players. In terms of stock-crypto correlation, the Nasdaq’s 1.8% gain on May 8, 2025, mirrors Bitcoin’s rally, highlighting a risk-on environment. Institutional flows are also evident, with Grayscale’s Bitcoin Trust (GBTC) recording a $250 million inflow on the same day, per their official report. This convergence of technical strength, volume spikes, and institutional backing points to a bullish outlook, though traders must remain vigilant for volatility around this key level.

In summary, Bitcoin’s reclaiming of $100,000 on May 8, 2025, is a pivotal event with far-reaching implications for both crypto and stock markets. The interplay between Bitcoin’s price surge and stock market gains underscores a broader shift in investor sentiment toward risk assets. For traders, the current market conditions offer actionable opportunities in BTC pairs and crypto-related stocks, while institutional inflows signal sustained interest. By closely monitoring technical levels, volume trends, and cross-market correlations, traders can position themselves to capitalize on this historic milestone while managing inherent risks.