Bitcoin has reclaimed the $100,000 price level for the first time since January, indicating a resurgence in investor interest. On May 8, Bitcoin surged 4.2% from an intraday low, marking its third appearance at this price since first achieving it in December 2024. Bitcoin's market dominance has increased, rising above 60%, in contrast to its lower levels during previous $100,000 milestones. Analysts note that the current bullish trend is linked to a mix of political, institutional, and macroeconomic factors, including a potential trade deal hinted at by former President Donald Trump. Additionally, falling bond yields and a weakening dollar have contributed to renewed institutional investments in Bitcoin exchange-traded funds. Despite current momentum, key US economic data expected soon will play a critical role in forecasting Bitcoin's movements. The Crypto Fear & Greed Index indicates positive sentiment, underscoring the significance of Bitcoin's latest price actions within the broader cryptocurrency market.

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