Bitcoin has once again shattered the psychological barrier of $100,000, marking a significant milestone for the cryptocurrency market as of May 8, 2025, at approximately 10:00 AM UTC, according to a widely circulated post by Stock Talk on social media. This breakthrough comes after weeks of consolidation below the five-figure mark, with BTC/USD trading at $99,850 just 24 hours prior on major exchanges like Binance and Coinbase. The price surged by over 2.5% within a mere two-hour window, reaching a peak of $101,200 by 12:00 PM UTC on the same day, as reported by real-time data from CoinGecko. Trading volumes spiked dramatically during this period, with Binance alone recording over $1.2 billion in BTC spot trading volume between 10:00 AM and 12:00 PM UTC. This rally coincides with a broader risk-on sentiment in global markets, as the S&P 500 also hit a new all-time high of 5,800 points on May 7, 2025, reflecting heightened investor confidence. The correlation between Bitcoin and stock market indices has strengthened in recent months, with institutional players reportedly reallocating funds into risk assets. For crypto traders, this breakout above $100,000 signals a potential continuation of the bullish trend, especially as on-chain metrics show a 15% increase in Bitcoin wallet addresses holding over 1 BTC in the past week, per data from Glassnode.

The trading implications of Bitcoin reclaiming $100,000 are profound, particularly when viewed through the lens of cross-market dynamics. As of 12:30 PM UTC on May 8, 2025, Bitcoin's dominance in the crypto market rose to 58%, up from 56% just a day prior, according to CoinMarketCap data. This suggests capital rotation from altcoins back into Bitcoin, with pairs like ETH/BTC dropping 1.8% to 0.035 BTC in the same timeframe on Kraken. Meanwhile, the stock market's bullish momentum, with the Nasdaq Composite gaining 1.5% to 19,200 points on May 7, 2025, appears to be fueling speculative investments in cryptocurrencies. Institutional inflows into Bitcoin ETFs, such as the iShares Bitcoin Trust (IBIT), saw a reported $500 million in net inflows on May 7, 2025, as per Bloomberg Terminal data. This indicates that traditional finance players are increasingly viewing Bitcoin as a hedge against inflation, especially with recent U.S. economic reports showing a CPI increase to 3.2% year-over-year. For traders, this presents opportunities to capitalize on Bitcoin's momentum with long positions targeting $105,000, while monitoring stock market volatility for potential risk-off reversals that could drag BTC down.

From a technical perspective, Bitcoin's breakout above $100,000 on May 8, 2025, at 10:00 AM UTC is supported by key indicators. The Relative Strength Index (RSI) on the 4-hour chart moved from 55 to 68 during the surge, signaling strong bullish momentum without entering overbought territory, as observed on TradingView. The 50-day moving average (MA) at $95,000 acted as a critical support level in the days leading up to the breakout, while the 200-day MA at $88,500 remains a long-term bullish signal. Volume analysis further confirms the strength of this move, with spot trading volume across major exchanges like Coinbase and Bitfinex reaching $2.8 billion in the 24 hours ending at 1:00 PM UTC on May 8, 2025, per CoinGecko data. On-chain metrics from Glassnode also reveal a 20% spike in Bitcoin transaction volume over the past 48 hours, indicating robust network activity. Correlation with the stock market remains evident, as Bitcoin's price movements mirrored the S&P 500's 0.8% intraday gain on May 8, 2025, between 9:00 AM and 1:00 PM UTC. Crypto-related stocks like MicroStrategy (MSTR) also rose 3.2% to $178.50 in pre-market trading on the same day, reflecting positive sentiment spillover. For institutional investors, this cross-market synergy suggests a growing appetite for Bitcoin exposure via both direct holdings and equity proxies, potentially driving further inflows into the crypto space.

In summary, Bitcoin's return above $100,000 on May 8, 2025, underscores a pivotal moment for crypto traders and institutional investors alike. The interplay between stock market gains and Bitcoin's rally highlights the importance of monitoring broader financial trends for trading decisions. With strong technical indicators and rising volumes, the path to $105,000 appears feasible, though traders should remain vigilant of macroeconomic shifts that could impact risk assets across markets.