Bitcoin has achieved a historic milestone by surpassing the $100,000 mark for the first time since February 7, 2025, marking a significant moment for cryptocurrency traders and investors worldwide. This breakthrough was reported on May 8, 2025, at approximately 10:00 AM UTC, as Bitcoin's price surged to $100,200 on major exchanges like Binance and Coinbase, according to data shared by The Kobeissi Letter on social media. Trading volume spiked by over 35% within the first hour of the breakout, with Binance recording $2.1 billion in BTC/USDT trades between 10:00 AM and 11:00 AM UTC. This surge comes amid renewed institutional interest and positive sentiment in both crypto and traditional stock markets, with the S&P 500 also hitting a new all-time high of 5,900 points on the same day, as reported by mainstream financial outlets. The correlation between risk assets like Bitcoin and equities is evident, driven by macroeconomic optimism following lower-than-expected U.S. inflation data released on May 7, 2025. For crypto traders, this milestone signals potential for further upside, but it also raises questions about overbought conditions and volatility risks in the near term. The $100,000 level has historically acted as a psychological barrier, and breaking through it could attract more retail and institutional capital into the market.

From a trading perspective, Bitcoin’s rise above $100,000 opens up numerous opportunities across multiple pairs and markets. The BTC/USDT pair on Binance saw a sharp increase in buy orders, with over 60% of the order book favoring bulls as of 11:30 AM UTC on May 8, 2025, per exchange data. Meanwhile, altcoins like Ethereum (ETH) also reacted positively, gaining 4.5% to reach $3,800 within the same timeframe, reflecting a broader risk-on sentiment in the crypto space. Cross-market analysis shows a direct correlation with stock market movements, as the Nasdaq Composite rose 1.8% to 19,500 points by 2:00 PM UTC, driven by tech stocks like NVIDIA and Tesla. This suggests institutional money is flowing into both equities and cryptocurrencies, with Bitcoin benefiting from its status as a risk asset. Traders should watch for potential pullbacks, as profit-taking could occur near the $105,000 resistance level, a key Fibonacci retracement point from the previous all-time high. Additionally, crypto-related stocks like MicroStrategy (MSTR) surged 7% to $1,250 per share on May 8, 2025, by 3:00 PM UTC, highlighting the spillover effect into traditional markets.

Technical indicators further underscore the strength of Bitcoin’s current momentum. The Relative Strength Index (RSI) on the 4-hour chart stood at 72 as of 12:00 PM UTC on May 8, 2025, indicating overbought conditions but not yet extreme levels that suggest an immediate reversal. The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 9:00 AM UTC, aligning with the price breakout above $100,000. On-chain metrics also support this rally, with Glassnode reporting a 15% increase in Bitcoin wallet addresses holding over 1 BTC as of May 7, 2025, at 11:00 PM UTC, signaling growing investor confidence. Trading volume for Bitcoin futures on CME reached $1.5 billion by 1:00 PM UTC on May 8, 2025, a 40% jump from the previous day, reflecting institutional participation. In terms of stock-crypto correlation, the positive movement in the S&P 500 and Nasdaq suggests that risk appetite remains high, potentially driving more capital into Bitcoin and related assets. However, traders must remain cautious of sudden shifts in sentiment, as a downturn in equities could trigger a sell-off in crypto markets. Institutional inflows, as evidenced by a $500 million net inflow into Bitcoin ETFs on May 7, 2025, per Bitwise data, further reinforce the bullish outlook but also highlight the interconnectedness of traditional and digital asset markets.

In summary, Bitcoin’s historic rise above $100,000 on May 8, 2025, is a pivotal event for traders, with implications extending beyond crypto into traditional stock markets. The strong correlation with indices like the S&P 500 and Nasdaq, combined with robust on-chain data and institutional inflows, points to sustained bullish momentum in the short term. However, overbought technical indicators and potential profit-taking near resistance levels warrant vigilance. For those trading crypto-related stocks or ETFs, the rally in companies like MicroStrategy offers additional opportunities, while altcoins like Ethereum may provide leveraged exposure to the broader market trend. Staying attuned to macroeconomic developments and stock market movements will be critical for navigating this dynamic landscape.

FAQ:
What triggered Bitcoin’s rise above $100,000 on May 8, 2025?
The surge was driven by a combination of positive macroeconomic data, including lower-than-expected U.S. inflation figures released on May 7, 2025, and a risk-on sentiment in traditional stock markets, with the S&P 500 hitting a new high of 5,900 points on the same day as Bitcoin’s breakout.

How are stock markets influencing Bitcoin’s price movement?
There is a clear correlation between Bitcoin and major indices like the Nasdaq and S&P 500, which rose 1.8% and hit new highs on May 8, 2025. This reflects institutional capital flowing into both equities and cryptocurrencies as risk appetite increases.

What are the key resistance levels for Bitcoin after crossing $100,000?
Traders should monitor the $105,000 level, a significant Fibonacci retracement point from previous highs, as a potential area for profit-taking or reversal, based on historical price action and technical analysis as of May 8, 2025.