In a major milestone for the crypto market, Bitcoin has surged past the $100,000 mark for the third time in its history, reigniting bullish sentiment among investors and reaffirming its dominance in the digital asset space.
According to data from CoinGecko, Bitcoin crossed the six-figure threshold at 3:22 PM UTC on May 8, registering a 4.2% gain from its intraday low of $95,967. This latest rally comes after weeks of steady momentum, and it marks the first time Bitcoin has reclaimed the milestone level since January 2025.
The world’s largest cryptocurrency initially made history by breaking the $100,000 barrier on December 5, 2024, and later reached a second all-time high on January 20, just ahead of U.S. President Donald Trump’s inauguration.
However, this third breakout is notable not only for the price but also for the broader market dynamics surrounding it.
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Unlike the previous instances, the current price surge coincides with Bitcoin’s market dominance climbing above 60%, suggesting that while investors are pouring back into BTC, altcoins may be facing increased selling pressure or stagnation. This shift could indicate a rotation of capital back into Bitcoin as a perceived safe haven within the volatile crypto landscape.
Market analysts believe that the renewed momentum is being fueled by institutional accumulation, macroeconomic uncertainty, and a growing narrative around Bitcoin as digital gold. Additionally, anticipation of future interest rate cuts and regulatory clarity in the U.S. may also be contributing to investor confidence.
As Bitcoin reclaims its position above the $100K mark, all eyes are now on whether it can maintain this momentum and push toward a new all-time high. Investors and traders alike will be watching closely for signals of continued strength—or possible corrections—in the days ahead.
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