Bitcoin is flirting with $100,000 as soon as extra because it hovers between $99,200 and $99,700 this early European morning. At the moment (Might 8), the lead cryptocurrency seems set to retest $100k for the primary time since early February this 12 months. In anticipation of a transfer above $100k, buyers are rotating into Bitcoin beta play STX crypto, which soars 10% in a single day.
Following yesterday’s mediocre FOMC assembly, which noticed rates of interest held at their present ranges, BTC rapidly sank from $97k to $96.1k. Many buyers felt a drop again to $90k may very well be on the playing cards. Nonetheless, Bitcoin has different concepts.
“The hard road goes from 80k to 100k.
The easy road goes from 100k to 250k.” pic.twitter.com/dVgLrnEAUB— CROW (@TheCrowtrades) Might 8, 2025
Bitcoin Gunning For $100k With All Of The Catalysts Aligning For New All-Time Highs
After Binance founder CZ not too long ago predicted that Bitcoin would hit between $500,000 and $1,000,000 this cycle, the celebs appear to be aligning for such bullish value predictions.
Firstly, in all prior bull market cycles, Bitcoin has peaked between 12 and 16 months after halving. With the final BTC halving happening in April 2024, the 12-16 month interval stretches from April 2025 to August 2025. We’re at present inside that interval, simply as Bitcoin seems set to retest $100k.
Additionally, the subsequent FOMC assembly is in June. After the Fed introduced no change in yesterday’s conferences, analysts imagine June’s assembly will end in a 25 bps lower.
At the moment, the CME FedWatch Instrument has a lower in subsequent month’s assembly with a 30% probability of occurring. This quantity is anticipated to develop because the date approaches.
One other catalyst knitting the bullish Bitcoin momentum collectively is its potential to enter value discovery with a brand new all-time excessive. If BTC can breach its ATH of $108,786, it can successfully enter value discovery, resulting in huge value spikes as a result of unknown.
With no pre-established help ranges or historic knowledge to work from, an asset getting into value discovery typically leads to large strikes to the upside. Many are patiently expecting Bitcoin’s response to a possible flip above $100k because the main cryptocurrency gears up for a red-hot Summer season.
A rumored US-UK commerce deal, together with rising anticipation of the US asserting a commerce cope with China, may issue into Bitcoin’s heading again to $100,000 and past within the brief time period.
(COINGECKO)
DISCOVER: Prime Solana Meme Cash to Purchase in March 2025
Smart Investors Are Already Pivoting To Bitcoin Beta Plays, With STX Crypto Gaining Traction
In the previous, each time Bitcoin started to make massive strikes to the upside, tasks related to Bitcoin tended to run onerous alongside it. One distinguished instance is Stacks (STX).
STX crypto has surged 9% in a single day as Bitcoin heads for a $100k retest. Stacks is understood for shifting side-by-side with BTC, typically outperforming the main digital asset because of its smaller market cap and extra unstable value swings.
Stacks is a Layer-2 resolution constructed on high of the Bitcoin blockchain. It makes use of Bitcoin’s safety and immutability whereas including new, inconceivable options on the Bitcoin mainnet.
The primary factor Stacks brings to Bitcoin is the creation and execution of sensible contracts. Whereas Ethereum is stuffed with hundreds of dApps (decentralized apps), all using revolutionary contract expertise, they aren’t suitable with the Bitcoin base layer, which is the place Stacks is available in.
STX crypto is the native token on the Stacks community. It’s used to pay for transaction charges, incentivize miners, and likewise for staking functions.
It has simply bounced from a key help stage and goals for the $1.06–1.08 zone. This stage is vital as a result of it’s a heavy resistance stage for STX crypto.
When anticipating how Stacks will carry out, all eyes needs to be on Bitcoin. If BTC flips $100k and makes a run towards a brand new all-time excessive, then it seems more and more doubtless that STX will blow previous the resistance zone and start its personal push towards $2.
(TRADINGVIEW)
BONUS: BTC Bull (BTCBULL) Hits $5.4m In Presale Funding: Is This The New Bluechip Bitcoin Beta Play?
When contemplating what the perfect beta play to Bitcoin is, one factor that BTCBULL has over STX crypto is its upcoming Bitcoin airdrops.
Whereas Stacks supplies a much-needed service to the Bitcoin blockchain, supporting it with a full-fledged Layer-2 resolution, BTC Bull retains issues easy.
BTC Bull is a meme coin at coronary heart. The theme is a bull kitted out in Bitcoin clothes taking up bears left and proper. As a meme coin, BTCBULL has large enchantment for crypto maxi’s who imagine a life-changing bull run is simply forward.
Nonetheless, this new undertaking doesn’t cease at merely being a pro-bull meme coin undertaking. For merely holding the BTCBULL token, buyers will obtain Bitcoin airdrops as soon as BTC hits $150k.
These airdrops will proceed at each $50k value enhance, which means that even the low finish of CZ Bitcoin value prediction of $500k, there may very well be eight separate BTC airdrops on the way in which this cycle.
Issues don’t cease there both. The BTC Bull staff has included a token burn mechanism into the undertaking. Just like the airdrop setup, token burns will start at $125k, with subsequent burns occurring at each $50k enhance for BTC.
Once BTC hits $125k, each $25k enhance will end in both a Bitcoin airdrop or a BTCBULL token burn. The staff’s genius transfer of decreasing the availability and rising shortage whereas driving up demand for the token as buyers clamour for a slice of the airdrops is a win-win.
Investors can buy BTCBULL utilizing ETH, USDT, or financial institution playing cards through Greatest Pockets, a safe non-custodial pockets with native airdrop help.
Go to The BTCBULL Web site To Study Extra
DISCOVER: 16 Subsequent Crypto to Explode in 2025: Skilled Cryptoforeign money Predictions & Evaluation
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Bitcoin seems set to retest $100,000 after optimistic response to FOMC 'no change' to rates of interest
- BTC is up 2.8% on the day because it closes in on $100k
- A trio of catalysts are propelling Bitcoin upwards. Upcoming FOMC assembly in June, being in the midst of the 12-16 month post-halving interval and near getting into value discovery
- STX crypto has typically been the perfect beta play to BTC because the layer-2 resolution on Bitcoin
- BTCBULL may very well be the brand new sizzling Bitcoin beta play with its BTC airdrops beginning at $150k
The publish Bitcoin Price Closing In On $100k Retest: Smart Money Rotates Into BTC Beta Plays As STX Crypto Erupts appeared first on 99Bitcoins.
