Bitcoin Breaks $100K Barrier, Altcoins Surge Amidst Institutional Backing

Bitcoin achieved a major milestone by surpassing the $100,000 mark on May 8, 2025, driven primarily by strong institutional interest and favorable regulatory changes. These developments, particularly in Arizona, Oregon, and New Hampshire, have boosted investor confidence across the cryptocurrency market. A key factor contributing to this surge is the recent passage of state legislation permitting Bitcoin reserves, attracting a new wave of institutional capital. This influx has been further reinforced by positive regulatory signals that have fostered greater clarity for investors, particularly within these states.