Bitcoin (BTC) Blasts Past $100K as Dominance Surges to 60% in May 2025

By: coinchapter|2025/05/09 01:45:02
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Bitcoin (BTC) price reclaimed $100,000 on May 8, 2025, for the first time since January. At 4:50 pm UTC, Bitcoin (BTC) reached $101,280, gaining 4.35% from the session low of $96,907, according to TradingView data. This marked the third breakout above six figures, with previous milestones recorded on December 5, 2024, and January 20, 2025—days before Donald Trump’s inauguration. This recent BTC rally formed during strong upward momentum and rising Bitcoin dominance. The high trading volume and clean breakout above the 50-day Exponential Moving Average (EMA) at $90,459 signaled increased demand. Bitcoin dominance above 60% further suggested more capital flowing into Bitcoin and away from altcoins. Bitcoin Dominance Surges Above 60% Bitcoin dominance crossed 60% as of May 8, matching levels not seen since early 2021. This metric reflects Bitcoin’s market share in the total crypto market. In previous Bitcoin price rallies, the dominance was lower—52% in December 2024 and 54% in January 2025. Charts from CoinGecko confirm this shift. The rising Bitcoin dominance suggests weaker performance from altcoins while Bitcoin gains strength. Unlike earlier BTC $100K breakouts, this increase includes a clear jump in Bitcoin market share. The May 7 Truth Social post by Donald Trump appeared just before the price move. In that post, Trump hinted at a trade deal with the United Kingdom. Besides political signals, macroeconomic factors added pressure. These include falling bond yields and a weakening U.S. dollar. Combined, these changes supported the BTC rally in May 2025. Spot Bitcoin ETF Inflows Reach $1.8B CoinGecko data shows that spot Bitcoin ETF inflows added further weight. Institutional buyers poured $1.8 billion into spot Bitcoin ETFs in the past trading week. This trend reflects rising confidence from large financial firms. BlackRock’s Bitcoin ETF logged 16 consecutive days of net i nflows. During this time, the Bitcoin price climbed back toward $100,000, confirming the role of institutional activity. Meanwhile, the Crypto Fear and Greed Index hit a score of 65, placing the market in the “greed” zone. This index reflects the emotional state of market participants based on volume, volatility, social data, and other metrics. While Bitcoin price action remains strong, analysts highlighted upcoming data releases. On May 12, the U.S. budget report is due. On May 13, the Consumer Price Index (CPI) update will follow. Both events may affect short-term Bitcoin moves.

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