Amid a market revival, the leading cryptocurrency has once again surpassed the psychological threshold of $100,000, a level last seen in early February.
The surge was accompanied by a spike in trading volumes. At its peak, the price reached $101,525 before correcting to around $100,800.
Analysts at Lookonchain noted that when the price was around $95,000, financial giant BlackRock “aggressively bought” 47,064 BTC for $4.44 billion.
When the price of $BTC was hovering around $95K, #BlackRock aggressively bought 47,064 $BTC($4.44B).
Shortly after, $BTC returned to $100K!
Did you catch the signal?https://t.co/DREa13u2dX pic.twitter.com/bKHRYS3bpm
— Lookonchain (@lookonchain) May 8, 2025
The “awakened” flagship significantly invigorated the broader market. As of writing, this is how the top 10 most capitalized crypto assets look:
Ethereum, which had been stagnant for some time, outperformed other “blue chips” in terms of dynamics. Over the past day, the asset has risen by more than 12%, returning to levels above $2000.
BNB and TRON showed the most modest growth rates at 3.4% and 3.1%, respectively.
Over the past day, the total cryptocurrency market capitalization has increased by 3.7%, exceeding $3.25 trillion, according to CoinGecko.
Earlier, Binance founder Changpeng Zhao predicted that Bitcoin could rise to $1 million in the current market cycle.