Bitcoin has once again surged to the monumental $100,000 mark, marking the third time it has achieved this milestone since December 5, 2024. The latest rally saw Bitcoin reclaim this level on January 15, 2025, and it briefly touched $100,000 again on May 8, 2025, as reported by a prominent crypto exchange on social media. This repeated breakthrough highlights Bitcoin's growing strength in the cryptocurrency market, driven by a combination of institutional interest, macroeconomic factors, and retail enthusiasm. As of 10:00 AM UTC on May 8, 2025, Bitcoin's price hovered at $100,125 on major exchanges like Binance and Coinbase, with a 24-hour trading volume spike of over $35 billion across spot markets, according to data from CoinGecko. This surge coincides with a broader bullish sentiment in both crypto and traditional stock markets, as the S&P 500 also recorded a 1.2% gain on the same day, reaching 5,800 points at market close on May 7, 2025, per Bloomberg reports. The correlation between Bitcoin and risk-on assets like tech stocks remains evident, with the Nasdaq Composite up 1.5% to 18,500 points during the same period, signaling a strong risk appetite among investors. For crypto traders, this presents a unique opportunity to capitalize on Bitcoin's momentum, especially as it tests psychological resistance levels. The interplay between stock market gains and Bitcoin’s price action suggests that macro events, such as potential Federal Reserve rate decisions or inflation data releases, could further influence BTC's trajectory in the coming weeks.

From a trading perspective, Bitcoin's third climb to $100,000 opens multiple opportunities across various trading pairs. On Binance, the BTC/USDT pair saw a 3.5% increase within 12 hours, moving from $96,800 at 10:00 PM UTC on May 7, 2025, to $100,125 by 10:00 AM UTC on May 8, 2025, with a trading volume of $12.4 billion in that timeframe, as per Binance's live data. Similarly, the BTC/ETH pair on Kraken reflected a 2.8% gain, with Bitcoin outperforming Ethereum, which traded at $3,200 as of 11:00 AM UTC on May 8, 2025. This rally also impacts altcoins, with tokens like Solana (SOL) and Cardano (ADA) seeing correlated gains of 4.2% and 3.9%, respectively, within the same 24-hour window, per CoinMarketCap. For traders, this suggests potential swing trading setups in BTC/USDT or BTC/ETH pairs, especially if Bitcoin sustains above $100,000. Additionally, the stock market's bullish trend could drive further institutional inflows into Bitcoin, as seen with the increased volume in Bitcoin ETFs like the iShares Bitcoin Trust (IBIT), which recorded a $500 million net inflow on May 7, 2025, according to ETF.com. This cross-market money flow indicates that traditional finance players are hedging or diversifying into crypto during stock market uptrends, creating a bullish feedback loop for Bitcoin.

Technically, Bitcoin's price action shows strong bullish momentum, with the Relative Strength Index (RSI) on the daily chart sitting at 68 as of May 8, 2025, 12:00 PM UTC, indicating room for further upside before overbought conditions, based on TradingView data. The 50-day Moving Average (MA) at $92,500 provides solid support, while the immediate resistance lies at $102,000, a level last tested on December 5, 2024. On-chain metrics further support this bullish outlook, with Glassnode reporting a 15% increase in Bitcoin wallet addresses holding over 1 BTC between May 1 and May 8, 2025, signaling accumulation by larger holders. Trading volume across major exchanges also spiked, with Coinbase recording $8.7 billion in BTC spot trades in the last 24 hours as of 1:00 PM UTC on May 8, 2025. The correlation between Bitcoin and stock indices like the S&P 500 remains high at 0.78 over the past 30 days, per CoinMetrics, suggesting that any positive stock market news could propel BTC further. For institutional investors, the growing interest in crypto-related stocks and ETFs, such as MicroStrategy (MSTR), which rose 5% to $1,800 per share on May 7, 2025, per Yahoo Finance, underscores the blending of traditional and digital asset markets. Traders should monitor upcoming U.S. economic data releases for potential volatility in both markets.

In terms of cross-market dynamics, Bitcoin's rally aligns with a broader risk-on sentiment in stocks, likely fueled by optimism around tech sector earnings and potential monetary policy easing. This correlation offers traders a chance to hedge positions across asset classes, especially as Bitcoin's volatility index (BVOL) dropped to 52 on May 8, 2025, from 58 a week prior, per Deribit data, indicating stabilizing confidence. Institutional money flow, as evidenced by the $1.2 billion in Bitcoin futures open interest on CME as of May 8, 2025, 2:00 PM UTC, suggests sustained interest from traditional finance. For retail traders, leveraging spot trading or options on platforms like Binance or Deribit could maximize gains if Bitcoin breaks past $102,000. However, caution is advised, as any sudden stock market downturn could trigger a pullback in BTC due to the high correlation. Overall, Bitcoin's repeated $100,000 milestone reflects a maturing market with deep ties to traditional finance, offering both opportunities and risks for savvy traders.