- Bitcoin climbed to $104K amid positive market sentiment.
- Institutional trading activity led to price surges.
- Ethereum, XRP, and Solana saw notable gains too.
Bitcoin’s price touched approximately $104,000 on May 10, 2025, influenced by rising institutional inflows and macroeconomic optimism, particularly around US-China trade talks.
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Bitcoin’s rally highlights increased investor enthusiasm amid US-China dialogue, fueling broader market activity and reinforcing crypto’s correlation with macroeconomic events.
The latest Bitcoin price surge to nearly $104,000 resulted from growing institutional involvement, as evidenced by the Grayscale Bitcoin Trust’s trading volume jump to $320 million on May 9, 2025. This development coincides with ongoing US-China trade negotiations, supporting a broader risk-on sentiment within the crypto space.
“GBTC recorded a 7% increase in daily trading volume to $320 million on May 9, 2025,” indicating fresh institutional engagement.
JA Mining, in a bid to capitalize on this trend, launched a $100 sign-up bonus, seeking to attract new Bitcoin miners, further illustrating the sector’s burgeoning interest.
The positive market momentum pushed Ethereum trading volumes up by 9% on Kraken, indicative of widespread buying pressure. Furthermore, altcoins like XRP and Solana experienced gains, driven by investor optimism.
Rising institutional flows into Bitcoin ETFs have substantial implications for the broader market, suggesting an increasing mainstream acceptance and potential elevation of cryptocurrency as a staple in global investment portfolios.
https://twitter.com/52kskew/status/1921166187385549053
Historical parallels indicate such macro-driven rallies significantly benefit large-cap digital assets, underscoring the crucial role of exogenous events. If the US-China talks continue positively, Bitcoin’s price might surpass the $105,000 resistance.
