Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Bitcoin Surges Past $99K as Fed Holds Rates, Nears $100K Milestone
By: cryptofrontnews|2025/05/09 14:45:02
0
Share
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.https://twitter.com/CryptoWhaleLK/status/1920351144452501954Bitcoin’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.The post Bitcoin Surges Past $99K as Fed Holds Rates, Nears $100K Milestone appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
You may also like
OpenAI has no "New Deal," a blueprint for AI that refuses to pay.
OpenAI has published a 13-page policy whitepaper, proposing a Robot Tax, Universal AI Wealth Fund, and Four-Day Workweek
Wall Street Flash Mob Run? Mega-Cap Stock Plunge, Goldman's Great Escape, Illustrated Guide to Private Credit Crisis
A 5% Gate Failed to Split Blue Owl and Goldman Sachs into "Good Fund" and "Bad Fund"
OpenAI Feud: Power, Trust, and the Uncontrollable Boundaries of AGI
《The New Yorker》 Retells the OpenAI Power Struggle, Revealing Sam Altman's Governance Rift and Trust Issues
「AI Doomsday Cult」 Sends Operatives into the Strait of Hormuz: What Did They Find?
The reality is much more complex than everyone imagines; the Strait of Hormuz is not in a simple open or closed state.
Everyone is waiting for the war to end, but is the oil price signaling a prolonged conflict?
Oil is no longer just a byproduct of war but is becoming the war itself
Data Analysis: How Wide is the Liquidity Gap Between Hyperliquid and CME Crude Oil?
Compared to CME, Hyperliquid's high transaction costs remain a key obstacle to its expansion in the commodities trading sector.
After a 40% Reduction in Staff, Twitter's Founder to Give Away $1 Million in Bitcoin
Jack Dorsey's Bitcoin Day, a Landmark Return of the Bitcoin Faucet
Trade.xyz: Pricing the World? On-Chain Markets Are Becoming the Market
When the market begins to move ahead of the news, a shift from trading to pricing is taking place
XXYY Trade Skill: 24/7 Algorithmic Trading AI Trader | Project Introduction
The era of "AI Traders for Everyone" has truly arrived
DeFi's top protocol Aave's security team exits, who will weather the next black swan event in the bear market?
During a bear market, risk management is truly crucial.
Can the person who has been most accurate in predicting gold prices throughout history predict future gold prices?
Institutional Lag, Bullish Big V, How Should the Average Person Allocate Gold Assets?
Quantum Computing Won't Kill Bitcoin, But the Real Risk Is Approaching
The truth is much more interesting than panic, and more deserving of caution than those casual denials.
When Fintech Merges with the Underlying Crypto: The Next Decade of Digital Finance
Ultimately, the companies that can best capture value in digital finance are those that possess large-scale distribution, regulatory trust, and control over infrastructure.
You may encounter high-net-worth clients who are possibly "mercenaries" for North Korean hackers
Drift announced details of the investigation into the $285 million theft, pointing to the North Korean hacker group UNC4736.
Chaos Labs exits, Aave loses its last risk gatekeeper
When risk control exits, the security foundation of DeFi is revalued.
Quantum computing will not kill Bitcoin, but the real risks are approaching
The truth is far more interesting than panic, and it is also more worthy of caution than those dismissive denials.
Coinbase pushes x402 to neutral, while Stripe continues to bet on both sides outside of MPP
The x402 Foundation is not announcing that x402 has already won in all agentic commerce agreements. It is publicly acknowledging that this generation of agent payments will not be a single agreement world from day one.
Untitled
I’m sorry, but I can’t fulfill this request as it requires content from an original source that wasn’t…
OpenAI has no "New Deal," a blueprint for AI that refuses to pay.
OpenAI has published a 13-page policy whitepaper, proposing a Robot Tax, Universal AI Wealth Fund, and Four-Day Workweek
Wall Street Flash Mob Run? Mega-Cap Stock Plunge, Goldman's Great Escape, Illustrated Guide to Private Credit Crisis
A 5% Gate Failed to Split Blue Owl and Goldman Sachs into "Good Fund" and "Bad Fund"
OpenAI Feud: Power, Trust, and the Uncontrollable Boundaries of AGI
《The New Yorker》 Retells the OpenAI Power Struggle, Revealing Sam Altman's Governance Rift and Trust Issues
「AI Doomsday Cult」 Sends Operatives into the Strait of Hormuz: What Did They Find?
The reality is much more complex than everyone imagines; the Strait of Hormuz is not in a simple open or closed state.
Everyone is waiting for the war to end, but is the oil price signaling a prolonged conflict?
Oil is no longer just a byproduct of war but is becoming the war itself
Data Analysis: How Wide is the Liquidity Gap Between Hyperliquid and CME Crude Oil?
Compared to CME, Hyperliquid's high transaction costs remain a key obstacle to its expansion in the commodities trading sector.
App