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Bitcoin Smashes Through $100K Again as Trade Talks Ignite Crypto Frenzy

Bitcoin Smashes Through $100K Again as Trade Talks Ignite Crypto Frenzy

FxStreet-Crypto
Release Time:
2025-05-08 15:36:57
0

Wall Street’s latest ’risk-on’ pivot sends digital assets soaring—just as the Fed starts printing excuses for the next bubble.

Bitcoin defies gravity (and skeptics) with its second six-figure breach this year, fueled by speculative traders betting on Washington’s latest economic theater. Altcoins ride the coattails—because when BTC rallies, the whole circus gets a sugar rush.

Meanwhile, traditional finance pundits scramble to explain how an ’unbacked’ asset keeps outperforming their precious ETFs. The irony? This rally coincides with yet another round of ’productive’ trade talks—the same ones that’ll be ’uncertain’ again next quarter.

Bitcoin climbs to $100,740

Bitcoin shattered the $100,000 barrier on Thursday, climbing to a high of $100,888. The milestone was considered a sticky resistance for BTC. On the 15-minute price chart, the two key momentum indicators, Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are bullish at the time of writing. 

RSI reads 72 and is sloping upwards, while MACD flashes green histogram bars above the neutral line, signaling an underlying bullish momentum in bitcoin price trend. 

BTC/USDT 15-minute price chart

BTC/USDT 15-minute price chart

This is a developing story, watch this space for more.

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