Bitcoin: A Rollercoaster Ride in May 2025

A good predictor on Twitter is having fun with his predictions, and one of them is getting a lot of attention.

It has been a busy start to the day with one predictor saying that Bitcoin will hit $100,000. A good predictor on Twitter is having fun with his predictions, and one of them is getting a lot of attention.

Those who follow Kook Capital LLC on Twitter will know that the firm’s predictor is known for his bold calls. Earlier this year he successfully predicted that Bitcoin would reach $80,000 in March.

But it’s his latest prediction that has really got people talking. At 7:04 AM ET on May 8, the predictor stated that Bitcoin will hit $100,000 today.

BTC will hit $100,000 today.

Kook Capital LLC (@KookCapitalLLC) May 8, 2025

As of 9:00 AM CET, Bitcoin is trading at around $96,500. This amounts to a 3.2% price increase over the last 24 hours.

Coinbase and Binance are both reporting huge trading volumes. At the time of writing, BTC/USDT on Binance has a 24-hour trading volume of over $2.3 billion. To put this into perspective, the next most-liquid pair on the exchange is LTC/USDT, which has a 24-hour trading volume of $260 million.

Bitcoin’s price has been on a tear in recent months. The cryptocurrency is now up more than 300% from its 2023 lows, which were hit in November.

Bitcoin’s rally has been fueled by a number of factors, including the growing adoption of cryptocurrencies by institutions, the launch of several Bitcoin ETFs, and the increasing interest in cryptocurrencies from retail investors.

Institutions are now making a significant allocation to cryptocurrencies through avenues like ETFs and direct holdings, presenting traders with additional trading opportunities in altcoins such as Ethereum and Solana as they capitalize on these trends.

Those interested in learning more about cryptocurrencies can do so on Benzinga’s website.