Bitcoin (BTC) decisively smashed the $100,000 barrier

Bitcoin (BTC) made headlines as it decisively breached the $100,000 barrier on May 8. Trading at approximately $100,500 by 07:08 ET, BTC sparked excitement in the broader crypto market.

Ealier anticipation ran high for a US trade deal announcement, and market chatter followed the Federal Reserve’s decision to keep interest rates unchanged.

While Bitcoin took center stage with its milestone, a select group of altcoins led the gains percentage-wise. This report spotlights the top five altcoin movers capitalizing on the bullish momentum: EOS, Bitcoin Cash (BCH), Ethena (ENA), Stacks (STX), and Theta Network (THETA).

1. EOS Leads Top Gainers Surge as Bitcoin Clears $100K

EOS currently spearheads the gains, surging over 18% to hit $0.8313. A massive 272% spike in trading volume accompanied the rally, showing intense renewed investor focus.

The momentum comes in anticipation of EOS’s upcoming rebrand to Vaulta, with a token swap scheduled for May 14. This strategic rebranding effort, announced in March, has helped reinvigorate the community and push price action upward.

2. Bitcoin Cash (BCH) Rides Market Wave with Strong Rebound

Bitcoin Cash secures a top spot, climbing over 13% in the past 24 hours to reach $419.39. BCH firmly reclaimed its 20-day Exponential Moving Average (EMA) near $363.

Analysis based on TradingView charts indicates holding the critical $354 support proved pivotal. This defense allows BCH bulls to target the next key resistance around $433, with positive market sentiment providing tailwinds.

3. Ethena (ENA) Among Top Performers Amid Broader Rally

Ethena saw gains exceeding 10% today, trading at $0.2997. The token actively challenges its 20-day EMA resistance located near $0.3031.

Its Relative Strength Index (RSI), per TradingView, sits at a neutral 47.68 but shows a distinct upward slope. This suggests underlying buying pressure could soon fuel an ENA breakout, placing it firmly among today’s notable gainers.

4. Stacks (STX) Posts Double-Digit Gains, Targets Higher Levels

Stacks joins the leaders with a 10% jump, pushing its price to $0.9244 while setting sights on the psychological $1 resistance.

The technical outlook appears favorable; TradingView charts confirm the MACD indicator printed a bullish divergence on STX’s daily timeframe. A convincing break above $1 could unlock sustained gains.

5. Theta Network (THETA) Shows Bullish Reversal Potential in Hot Market

Theta Network rounds out the top five, climbing nearly 9% to $0.7704. THETA’s current chart action hints a potential bullish reversal pattern, an inverse head and shoulders (TOBO), may be forming, according to analysis shared by watchers like CryptoMobese on X.