Bitcoin Surges Past $99K as Fed Holds Rates, Nears $100K Milestone

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Bitcoin passed $99,000 after the Federal Reserve decided to hold interest rates steady, pushing the crypto market to a new momentum.Large BTC holders accumulated over 81,000 BTC in six weeks, showing renewed confidence from institutional and high-net-worth investors.BlackRock’s Bitcoin ETF saw nearly $7 billion in inflows, surpassing gold ETFs and signaling a growing shift toward digital asset investments.Bitcoin moved beyond the $99,000 threshold late Wednesday, marking a significant shift in market sentiment. When reported, the cryptocurrency was trading at $99,330, induced by renewed interest from institutional investors and the Fed’s choice to maintain rates steady at 4.25% – 4.5%.According to data from Glassnode, wallets with the value of 10 to 10,000 BTC accumulated 81,338 BTC in the last 6 weeks. The number of wallets with > 1,000BTC increased from 1,945 on March 1 to 2,006 as of May 7. This is the biggest jump (30-day) of 2025 thus while indicating great confidence from institutional and high net worth investors.Market Cap and ETF Flows Set New HighsBitcoin’s realized market capitalization reached a record $890 billion, indicating increasing capital locked in by investors. BlackRock’s spot Bitcoin ETF, IBIT, recorded $6.96 billion in net inflows this year, overtaking the SPDR Gold Trust to become the sixth most popular ETF by inflows. This trend highlights a shift toward digital assets as preferred stores of value. $BTC knocking on the $99K door again...Clear rejection zone just below $100K ; tested multiple times in the past.Price is surging into a major resistance zone.Break above = new highsRejection = pullback likelyBulls vs Bears — who takes control here?#Bitcoin #BTC pic.twitter.com/ECdkJT5fa0— CryptoWhaleLK (@CryptoWhaleLK) May 8, 2025Bitcoin’s momentum also lifted other digital assets. Ethereum rose 4.26% to $1,904, while Solana increased by 3.7% to $151.61. Ethereum’s price movement followed its successful Pectra update on May 7, which introduced smart account capabilities. However, ETH futures remained modest, suggesting limited bullish enthusiasm.Federal Reserve Maintains Policy Amid Trade TensionsEfforts on the part of the Federal Reserve to maintain rate policy indeed supported market stability. Fed Chair Jerome Powell declared that there was no need to change the monetary policy in the imposing economic uncertainties. The move followed global animosity after tariffs issued by President Donald Trump in April, which once again had an impact on an upsurge in Bitcoin’s public sentiment.On May 6, Bitcoin rose above $97,000 partly due to short liquidation after U.S. Treasury Secretary Scott Bessent confirmed trade talks with China would resume on May 10. The announcement helped ease concerns triggered by earlier trade policies, contributing to Bitcoin’s latest upward trend.Source link