Bitcoin’s price may surpass $100,000 and continue rising due to these factors

The current price of Bitcoin (BTC) on May 7, 2025, at 9:29 AM ET, stands at $96,805, showing a 3.2% increase in the last 24 hours. Several factors are driving this rally, indicating the potential for Bitcoin to surge past $100K and beyond.

Firstly, renewed discussions between the U.S. and China aimed at reducing trade tensions have injected optimism into the market. U.S. Treasury Secretary Scott Bessent highlighted the unsustainable nature of current tariffs, suggesting possible policy adjustments that could benefit Bitcoin.

Secondly, the anticipation of the Federal Reserve’s policy decision is making waves in the market. While interest rates are expected to remain stable, any dovish signals from the Federal Open Market Committee (FOMC) could further boost Bitcoin’s price trajectory.

Furthermore, institutional investments are reinforcing market confidence in Bitcoin. Companies like Japanese firm Metaplanet have recently acquired a significant amount of BTC, totaling around $53.5 million. Additionally, Strategy (formerly known as MicroStrategy) has announced plans to raise $21 billion for additional Bitcoin purchases, solidifying its position as a major corporate holder.

From a technical analysis perspective, Bitcoin is approaching a critical resistance level near $100,000. On-chain data suggests potential selling pressure around $99,900, which could present a challenge for further upward movement.

In terms of market metrics, Bitcoin’s current price of $96,805 is supported by a 24-hour trading volume of approximately $33.93 billion, with a market capitalization of $1.92 trillion. The circulating supply stands at 19.86 million BTC, with an all-time high of $109,114.88 recorded in January 2025.

Looking ahead, analysts foresee significant growth potential for Bitcoin, with projections suggesting a possible surge to $250,000 by the end of 2025. Factors contributing to this optimistic outlook include increased institutional adoption and favorable macroeconomic conditions.

In conclusion, Bitcoin’s recent price surge above $97,000 can be attributed to positive developments in U.S.-China trade relations, the anticipation of the Federal Reserve’s policy decision, and substantial institutional investments. As the market eagerly awaits signals from the FOMC, Bitcoin’s trajectory remains a focal point for investors, highlighting the cryptocurrency’s potential for further growth and value appreciation beyond $100K.