The cryptocurrency market showed a unified upward trend at the start of trading today.
According to data from coinmarketcap.com as of May 9, 2025 at 08:29 AM (WIB), Bitcoin rose by 5.23% in the past 24 hours and has increased by 5.93% over the past week.

Similarly, Ethereum experienced a substantial surge, climbing 20.38% in the last 24 hours and rising 19.45% in the past seven days.

24-Hour Cryptocurrency Performance (%)

All cryptocurrency sectors are currently in the green, as observed in 25 categories listed on Coinglass.com.
The Memes category led the gains with an increase of 18.62%, followed by AI Agents with a 16.98% gain, and DeFAI rising by 15.68%.

Bitcoin has officially broken through the $100,000 mark today, surpassing this historic milestone after weeks of positive momentum.

This major milestone for Bitcoin comes amid significant diplomatic developments on the global stage. U.S. President Donald Trump announced a "major trade deal" with what he described as a "great and highly respected country" yesterday via Truth Social.

The U.S.-UK trade agreement is seen as a potential step toward easing global trade tensions, which has boosted investor risk appetite across financial markets.

Meanwhile, U.S. Treasury Secretary Scott Bessent’s trip to Switzerland to meet with Chinese Ministry of Commerce officials further fueled optimism. “Current tariffs and trade barriers are unsustainable, but we are not looking to decouple,” Bessent said in his statement.

Future Outlook for Bitcoin

Several major financial institutions remain bullish about Bitcoin’s long-term prospects.

Standard Chartered, through analyst Geoff Kendrick, expects Bitcoin to hit $120,000 by Q2 this year and reach $200,000 by the end of 2025. Their long-term projection estimates a value of $500,000 by 2028.

Matthew Sigel from VanEck forecasts a potential peak of $180,000 in 2025 under a dual-cycle scenario. Although VanEck has not issued a formal target for 2030, they anticipate a new all-time high after 2025 that could surpass $400,000 in the next cycle.

One of the most optimistic forecasts comes from ARK Invest, led by Cathie Wood. Their base case for Bitcoin is $1.2 million by 2030, with a best-case scenario of $2.4 million and a more conservative estimate around $500,000.

With Bitcoin now holding above the $100,000 threshold, investors are watching closely to see whether this psychological level will serve as a new support base for the asset’s climb toward these institutional targets.