Bitcoin Price Crosses $100K: Is BTC Ready for New All-Time High?

Bitcoin Surpasses $100,000: Is a New All-Time High on the Horizon or a Correction Imminent?

Bitcoin (BTC) has once again captured the attention of investors and analysts alike, surging past the $100,000 mark for the first time since February 2025. As of May 10, BTC is trading at approximately $103,550, reflecting a 7.32% gain over the past week. This rally has propelled Bitcoin's market capitalization to around $2.05 trillion, solidifying its position as the fifth most valuable asset globally, surpassing tech giants like Amazon and Google.

Institutional Inflows and ETF Momentum

A significant driver behind Bitcoin's recent ascent is the robust inflow into spot Bitcoin Exchange-Traded Funds (ETFs). Over the past three weeks, these ETFs have attracted over $5.3 billion in net inflows, indicating strong institutional interest . Notably, BlackRock's Bitcoin ETF has recorded 19 consecutive days of inflows, marking the longest streak in 2025.

Source: CoinMarketCap

These inflows suggest a growing confidence among institutional investors in Bitcoin's long-term value proposition, further legitimizing its role in diversified investment portfolios.

Corporate Adoption: Strategy and Metaplanet Lead the Charge

Corporate entities are also playing a pivotal role in Bitcoin's upward trajectory. Strategy (formerly MicroStrategy) has significantly increased its Bitcoin holdings, now owning 555,450 BTC acquired at an average price of $66,384.56 per coin . This aggressive accumulation strategy underscores the company's bullish outlook on Bitcoin as a treasury reserve asset.

Source: CompaniesMarketCap

Similarly, Tokyo-based Metaplanet has expanded its Bitcoin reserves to 5,555 BTC, recently purchasing an additional 555 BTC at an average price of $96,134 . The company has also announced plans to issue $21.25 million in bonds to fund further Bitcoin acquisitions.

Market Sentiment and Technical Indicators

The current market sentiment is predominantly bullish, with the Crypto Fear & Greed Index reflecting a state of "Greed." Technical analysis indicates that Bitcoin has broken through key resistance levels, with the next significant barrier around $106,000. Should this level be surpassed, analysts project potential targets between $110,000 and $115,000 in the near term.

Source: SoSoValue

However, it's important to note that the Relative Strength Index (RSI) is above 70, suggesting that Bitcoin may be in overbought territory, which could lead to short-term corrections.

Macroeconomic Factors and Regulatory Developments

Bitcoin's resurgence is also influenced by broader macroeconomic factors. Recent trade agreements between the U.S. and the U.K. have alleviated some investor concerns, fostering a more favorable environment for risk assets.

Additionally, regulatory developments at the state level in the U.S. are contributing to Bitcoin's legitimacy. Arizona and New Hampshire have enacted laws permitting state involvement with cryptocurrencies, signaling a growing acceptance of digital assets within governmental frameworks.

Outlook: Potential for New All-Time Highs

Given the confluence of institutional investment, corporate adoption, favorable technical indicators, and supportive macroeconomic conditions, Bitcoin appears poised to challenge its previous all-time high of $109,114.88 set in January 2025 . Standard Chartered has even revised its price target, suggesting that Bitcoin could surpass $120,000 in the second quarter of 2025.

Source: TradingView

However, investors should remain cautious. The cryptocurrency market is inherently volatile, and factors such as regulatory changes, macroeconomic shifts, or unforeseen events could impact price trajectories.

Conclusion

Bitcoin's recent performance underscores its resilience and growing acceptance among institutional and corporate investors. While the momentum suggests the potential for new all-time highs, market participants should remain vigilant, considering both the opportunities and risks inherent in the cryptocurrency landscape.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

 Check out other news and articles on Google News

Disclaimer:

The articles published on hokanews are intended to provide up-to-date information on various topics, including cryptocurrency and technology news. The content on our site is not intended as an invitation to buy, sell, or invest in any assets. We encourage readers to conduct their own research and evaluation before making any investment or financial decisions.

hokanews is not responsible for any losses or damages that may arise from the use of information provided on this site. Investment decisions should be based on thorough research and advice from qualified financial advisors. Information on HokaNews may change without notice, and we do not guarantee the accuracy or completeness of the content published.