Bitcoin has once again surged to the monumental $100,000 mark, achieving this milestone for the second time since December 5, 2024, as reported by Coins.ph on their official Twitter account on May 8, 2025, at approximately 10:30 AM UTC. This remarkable price rally reflects a strong bullish sentiment in the cryptocurrency market, driven by a combination of macroeconomic factors and renewed institutional interest. The $100,000 level, first breached in early December 2024, has now become a psychological benchmark for traders, signaling Bitcoin's growing acceptance as a store of value amid global economic uncertainty. This event coincides with a broader rally in risk assets, including the stock market, where the S&P 500 index recorded a 1.2% gain on May 7, 2025, closing at 5,800 points, according to data from Bloomberg. This correlation between Bitcoin and traditional markets highlights the increasing integration of crypto into mainstream finance, as investors seek high-return assets during periods of low interest rates and inflationary pressures. For crypto traders, this resurgence offers critical insights into potential trading opportunities, especially as Bitcoin's price action at $100,000 could dictate short-term market direction. The timing of this rally also aligns with reports of significant inflows into Bitcoin ETFs, with over $500 million invested in spot Bitcoin ETFs on May 6, 2025, as noted by CoinDesk, underscoring institutional confidence in BTC's long-term value proposition.

From a trading perspective, Bitcoin's return to $100,000 on May 8, 2025, at around 10:30 AM UTC, opens up multiple opportunities across various trading pairs. The BTC/USD pair on major exchanges like Binance saw a 3.5% increase within 24 hours, with trading volume spiking to 1.2 million BTC traded by 12:00 PM UTC, according to data from CoinGecko. Similarly, the BTC/ETH pair exhibited a 2.8% gain, reflecting Bitcoin's dominance over altcoins during this rally. For traders, this suggests a potential breakout above $100,000 could target the next resistance level at $105,000, a level last tested during speculative peaks in late 2024. However, the risk of a pullback remains, as overbought conditions could trigger profit-taking. Cross-market analysis also reveals a direct impact from stock market movements, with the Nasdaq Composite's 1.5% rise to 18,500 points on May 7, 2025, per Reuters, correlating with Bitcoin's upward momentum. This indicates that risk-on sentiment in equities is spilling over into crypto, creating opportunities for swing trades on BTC/USD and BTC-related ETFs. Additionally, on-chain data from Glassnode shows a 15% increase in Bitcoin wallet addresses holding over 1 BTC as of May 7, 2025, suggesting retail and institutional accumulation during this price surge.

Delving into technical indicators, Bitcoin's Relative Strength Index (RSI) on the daily chart stood at 72 as of May 8, 2025, 11:00 AM UTC, signaling overbought conditions but also strong bullish momentum, per TradingView data. The 50-day Moving Average (MA) at $92,000 provides a key support level, while the 200-day MA at $85,000 acts as a longer-term baseline for potential reversals. Volume analysis further supports the rally's legitimacy, with spot trading volume on Coinbase reaching $3.8 billion on May 7, 2025, a 25% increase from the prior day, according to Coinbase's official reports. Market correlations between Bitcoin and stock indices remain evident, as the correlation coefficient between BTC and the S&P 500 rose to 0.68 on May 7, 2025, based on analytics from IntoTheBlock. This suggests that macro events, such as potential Federal Reserve rate decisions, could further influence Bitcoin's trajectory. Institutional money flow also plays a pivotal role, with Grayscale's Bitcoin Trust (GBTC) reporting net inflows of $200 million on May 6, 2025, per their latest update, indicating sustained interest from traditional finance players. For traders, monitoring these cross-market dynamics is crucial, as a downturn in equities could pressure Bitcoin below $100,000, while continued stock market strength may propel BTC to new highs.

In summary, Bitcoin's bounce back to $100,000 on May 8, 2025, reflects a confluence of technical strength, institutional inflows, and stock market correlations. Traders should watch key levels like $105,000 for breakouts and $92,000 for support, while keeping an eye on broader market sentiment and equity movements. This rally not only highlights Bitcoin's resilience but also underscores the growing interplay between crypto and traditional markets, offering both opportunities and risks for informed traders.