Bitcoin Price Today, 08/05/2025: BTC Aims for $110K in the Coming Days
- Bitcoin price flirts with $100 today
- Altcoins like ETH and PEPE record strong gains
- Cryptocurrency market cap hits $3,2 trillion
As of May 8, 2025, the price of Bitcoin today is quoted at US$99.702,41, equivalent to €88.400,26 or R$566.409,36. The positive movement keeps the asset close to the symbolic US$100 mark, renewing market optimism.
Bitcoin’s price has been on a tear again in recent days, hitting a new multi-month high. The recent rally comes after weeks of recovery, especially since the $75 lows seen during trade tensions between the United States and other global powers.
With improved expectations surrounding international negotiations — including recent statements by the US president — BTC regained momentum and retested relevant resistance levels. After briefly falling back to $94, the largest cryptocurrency managed to recover the $96 support, which now acts as a technical barrier in the short term.
Despite the Federal Reserve keeping interest rates unchanged, the bullish trend has not been interrupted. Over the past 24 hours, BTC has maintained solid gains, with the coin’s market cap reaching $1,98 trillion. However, its dominance in the overall market has fallen to below 62%, evidencing a slight strengthening of altcoins.
Ethereum (ETH) has broken through the $1.850 resistance and is now trading above $1.950, marking its best price in over a month. This movement signals a gradual recovery against the dollar and Bitcoin itself, after a half year of more modest performance.
Other highlights among altcoins include XRP, Solana (SOL), Cardano (ADA), TRX, Avalanche (AVAX) and Stellar (XLM), which recorded increases between 2% and 4%. Dogecoin (DOGE), Chainlink (LINK) and Sui (SUI) showed more significant gains, with advances of up to 8%.
The biggest highlights of the day were Bitcoin Cash (BCH) and Pepe (PEPE), which registered double-digit increases: 11% and 12,5%, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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