May 9 • 🧠|Crypto/A.I. Trading
BITCOIN hit $100,000+
Good morning, everyone.
On Thursday, Bitcoin’s price broke above the $100,000 mark for the first time since February. Analysts say this move reflects a broader surge in demand for risk assets, as the stock market continues to rebound from the lows seen in April.
Thomas Perfumo, Chief Economist at crypto exchange Kraken, said:
“Bitcoin breaking back into six-figure territory comes as global markets show a renewed appetite for risk.”
Stocks are performing well again, and investors seem more willing to allocate capital to riskier assets. This revived risk-on sentiment is spilling directly into the crypto market.
According to data from Cointelegraph Markets Pro and TradingView, BTC is now just $6,000 away from its all-time high. The price has jumped 10% in just a few days, stunning the market.
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BITCOIN hit $100,000+
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