Bitcoin (BTC) Price Nears New ATH as BTC Nears New ATH with Bulls Roar in May 2025

May 8, 2025 - Bitcoin (BTC) is back in the spotlight this week, surging toward a new all-time high as it flirts with the $100,000 level. The crypto market is heating up rapidly, and Bitcoin’s price action is defying expectations.

With global trade talks, a U.S. state bill setting the stage for crypto funds, and major ETF (exchange-traded fund) institutions pulling back into BTC, could the flagship cryptocurrency smash through its previous record in May 2025?

Bitcoin Price Explodes as US-China Trade Talks Begin in Switzerland

Bitcoin’s momentum increased after the U.S. and China announced renewed trade talks set to take place in Switzerland. This development has implications for Bitcoin as it’s known to thrive in periods of macroeconomic stability.

Investors are hopeful that the two economic superpowers could reach a breakthrough agreement, restoring confidence in the global market. Such a scenario would likely benefit Bitcoin, which has been used as a hedge against broader economic uncertainty.

In addition to the trade talks, rumors of a high-profile trade agreement between the U.S. and the U.K. have also contributed to Bitcoin’s upward trajectory.

While the details of this agreement remain unconfirmed, speculation has heightened Bitcoin’s role as a global macro asset that is responsive to economic shifts.

Arizona Bill and State-Level Adoption

The state of Arizona has introduced legislation that would allow for the creation of a crypto reserve fund. This follows in the footsteps of New Hampshire, which already passed similar laws earlier in the year.

Arizona's move could encourage other U.S. state-level governments to explore crypto integration further.

This development is a major signal to investors that the public sector is becoming more open to crypto assets, which could lay the groundwork for broader adoption.

Bitcoin ETFs See Record Inflows Amid Institutional Accumulation

Bitcoin ETFs are once again reporting massive outflows, with over $1.3 billion in net investments recorded this month alone.

This influx of institutional money is no small feat, especially considering the broader crypto market has been struggling to stay afloat amid turbulent macroeconomic conditions.

Major institutions and funds are returning to the crypto sphere in a big way, largely focused on Bitcoin. On-chain data also confirms an increase in whale accumulation, with BTC being pulled off exchanges and held in cold storage—typically a bullish technical indicator.

BTC Price Prediction: New BTC ATH Incoming?

BTC's current all-time high stands at $109K, which was hit in January 2025. However, with today’s candle already tapping $100,500 on some exchanges before a slight correction, it seems like bulls have the upper hand.

Technical analysts are closely watching the psychological resistance at $100K. If broken convincingly, BTC could enter price discovery with targets set at $110K–$120K in the near term.

BTC Price May 2025: Is $100K Just the Beginning?

Whether or not BTC officially breaks its all-time high today, one thing is clear—the sentiment has shifted dramatically. Bitcoin is once again the star of global finance, attracting institutional flows, mainstream media attention, and retail FOMO.

As the perfect storm of macroeconomic drivers converges—global trade talks, U.S. state-level crypto legislation, and major institutions making a beeline for Bitcoin ETFs—the flagship crypto may not just be aiming for $100K. It seems like BTC is setting the stage for something much bigger.