Bitcoin is flirting with $100,000 as soon as extra because it hovers between $99,200 and $99,700 this early European morning. At present (Might 8), the lead cryptocurrency seems to be set to retest $100k for the primary time since early February this yr. In anticipation of a transfer above $100k, traders 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 shortly sank from $97k to $96.1k. Many traders felt a drop again to $90k may very well be on the playing cards. Nevertheless, Bitcoin has different concepts.
“The onerous street goes from 80k to 100k.
The simple street goes from 100k to 250k.” https://t.co/Ne5b8kfiwl 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 just lately predicted that Bitcoin would hit between $500,000 and $1,000,000 this cycle, the celebs appear to be aligning for such bullish worth predictions.
Firstly, in all prior bull market cycles, Bitcoin has peaked between 12 and 16 months after halving. With the final BTC halving going down in April 2024, the 12-16 month interval stretches from April 2025 to August 2025. We’re at the moment inside that interval, simply as Bitcoin seems to be set to retest $100k.
Additionally, the following FOMC assembly is in June. After the Fed introduced no change in yesterday’s conferences, analysts consider June’s assembly will end in a 25 bps reduce.
Presently, the CME FedWatch Device has a reduce in subsequent month’s assembly with a 30% probability of occurring. This quantity is predicted to develop because the date approaches.
One other catalyst knitting the bullish Bitcoin momentum collectively is its potential to enter worth discovery with a brand new all-time excessive. If BTC can breach its ATH of $108,786, it should successfully enter worth discovery, resulting in huge worth spikes because of the unknown.
With no pre-established assist ranges or historic knowledge to work from, an asset getting into worth discovery usually ends in enormous strikes to the upside. Many are patiently awaiting 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 additionally issue into Bitcoin’s heading again to $100,000 and past within the quick time period.
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Sensible Buyers Are Already Pivoting To Bitcoin Beta Performs, With STX Crypto Gaining Traction
Up to now, every time Bitcoin started to make large 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, usually outperforming the main digital asset attributable to its smaller market cap and extra unstable worth 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 principle 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 progressive contract know-how, they aren’t appropriate 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 in addition for staking functions.
It has simply bounced from a key assist stage and goals for the $1.06–1.08 zone. This stage is essential as a result of it’s a heavy resistance stage for STX crypto.
When anticipating how Stacks will carry out, all eyes must be on Bitcoin. If BTC flips $100k and makes a run towards a brand new all-time excessive, then it seems to be more and more probably that STX will blow previous the resistance zone and start its personal push towards $2.
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 gives 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 enormous attraction for crypto maxi’s who consider a life-changing bull run is simply forward.
Nevertheless, this new mission doesn’t cease at merely being a pro-bull meme coin mission. For merely holding the BTCBULL token, traders will obtain Bitcoin airdrops as soon as BTC hits $150k.
These airdrops will proceed at each $50k worth enhance, which means that even the low finish of CZ Bitcoin worth prediction of $500k, there may very well be eight separate BTC airdrops on the best way this cycle.
Issues don’t cease there both. The BTC Bull workforce has included a token burn mechanism into the mission. Just like the airdrop setup, token burns will start at $125k, with subsequent burns occurring at each $50k enhance for BTC.
As soon as BTC hits $125k, each $25k enhance will end in both a Bitcoin airdrop or a BTCBULL token burn. The workforce’s genius transfer of decreasing the availability and rising shortage whereas driving up demand for the token as traders clamour for a slice of the airdrops is a win-win.
Buyers can buy BTCBULL utilizing ETH, USDT, or financial institution playing cards by way of Finest Pockets, a safe non-custodial pockets with native airdrop assist.
Go to The BTCBULL Web site To Be taught Extra
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Bitcoin seems to be 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 worth discovery
- STX crypto has usually been the perfect beta play to BTC because the layer-2 resolution on Bitcoin
- BTCBULL may very well be the brand new scorching Bitcoin beta play with its BTC airdrops beginning at $150k
The submit Bitcoin Value Closing In On $100k Retest: Sensible Cash Rotates Into BTC Beta Performs As STX Crypto Erupts appeared first on 99Bitcoins.