Bitcoin (BTC) Is Up Today, Smashing Through the $100,000 Mark for the First Time in Months and Reigniting Bullish Chatter

Bitcoin is up today, smashing through the $100,000 mark for the first time in months and reigniting bullish chatter across crypto circles.

Bitcoin price today rose above $100,000 again on May 8, smashing through the six-figure mark for the first time in months and reigniting bullish chatter across crypto circles.

The move follows fresh macro signals that have traders eyeing where BTC could head next. Meanwhile, JetBolt’s presale is making waves of its own, with over 350 million JBOLT tokens sold and growing interest in its zero-gas ecosystem.

Why Is Bitcoin Up Today? BTC Reaches $100K After 3 Months

Crypto enthusiasts may have rubbed their eyes in disbelief on Monday afternoon as Bitcoin (BTC) quietly crossed the $100,000 threshold once more.

Bitcoin's price today surged from $90,000 to above $100,000 in 24 hours. Chart: CoinMarketCap

According to CoinMarketCap data, Bitcoin is currently trading around $102,500 at the time of writing, not in 12-hour candle ranges.

The crypto behemoth is up by 3.3% over the past 24 hours on fresh cues that President Trump is planning a joint news conference on Monday at 10 a.m. (ET) in the Oval Office to announce a "MAJOR TRADE DEAL WITH A BIG & HIGHLY RESPECTED COUNTRY."

However, those familiar with the president’s style know that it’s never a done deal until it’s fully sealed with an official statement—which could still be pending.

But even without the trade deal, Bitcoin’s recovery had already been hinted at by bulls who spotted the cryptocurrency pulling up from key levels of support.

Those technical signals were rolling in tandem with broader macroeconomic movements, which saw the Federal Reserve leave interest rates at 4.25% to 4.50%. That decision keeps a key drag off of higher-beta assets like cryptocurrencies, while a report of reduced tariff worries from the U.S.–U.K. trade chatter also lifted investor mood.

Together, these factors are likely to nudge appetite for coins like Bitcoin back into the green.

Technical Pulse and Macroeconomic Winds

As Bitcoin bobbed between $102,000 and $104,000 on Kraken’s hourly chart, market voices lit up X and research desks.

“🚨BITCOIN PUMPING, WHY???

TRUMP: ‘BIG NEWS CONFERENCE TOMORROW 10AM EST IN OVAL, MAJOR TRADE DEAL WITH A BIG & HIGHLY RESPECTED COUNTRY' ” — Neil Jacobs, co-founder of FOMO21, on X

“The launch of 21 Capital doesn’t change Bitcoin’s core architecture or ethos – but it does highlight how institutional investors, like those deploying capital through 21, are increasingly recognizing Bitcoin’s value as a neutral, non-sovereign asset in today’s shifting financial landscape.” — Matt Mena, crypto researcher at 21Shares

Those raw reactions tell two sides of the story. One captures the visceral excitement of short-term momentum, and the other grounds the move in protocol fundamentals. Together, they frame how traders and analysts are interpreting BTC’s latest consolidation, even as it rides support from rising moving averages and trendlines on shorter timeframes.

Market Sentiment Behind Bitcoin's Return to $100K

And while several on-chain metrics have been tracking a shift in market sentiment toward more bullish outlooks, some institutions have also been making notable moves in the space.

For instance, according to blockchain analytics firm Arkham, BlackRock (BLK) bought an estimated $2.5 billion worth of Bitcoin as the cryptocurrency’s price approached six-figure territory again.

Earlier this week, it was reported that several crypto whales appear to have sold large amounts of ETH, ADA, and BNB to buy more BTC.

Those institutional moves add another layer of context to Bitcoin’s price rally this year, which has seen the cryptocurrency recover drastically from its 2022 lows.

However, veteran crypto market watcher eToro’s Ben Rekhavi cautions that despite the recent surge, Bitcoin’s price could still be subject to rapid shifts due to its high volatility.

“It is important to remember that cryptocurrencies are highly volatile assets and their prices can fluctuate rapidly in response to various factors, including macroeconomic trends, regulatory developments, and market sentiment,” said Rekhavi.

At the time of writing, Bitcoin’s price is back above $100k, which feels as much about shifting narratives and who has the loudest voice on any given day as it does about raw supply and demand. The screens will blink, the charts will be redrawn, and the investors will be seeking a fresh angle.

But in the end, Bitcoin’s future is still unwritten, and every milestone is simply the next chapter that could pave the width for bigger