Bitcoin set to break records and shatter the $100K barrier

Bitcoin is on the verge of breaking the $100,000 barrier, inching closer to the psychological milestone at $99,400. The cryptocurrency's price surged after the US Federal Reserve, led by Chairman Jerome Powell, decided to keep interest rates steady at 4.25 per cent to 4.50 per cent, which signalled confidence in the economy and sparked optimism in both traditional and digital asset markets.Bitcoin has shown remarkable growth, rallying by more than 2.6 per cent just hours after Powell's announcement. The cryptocurrency's market capitalization reached an impressive $1.96 trillion, maintaining its position as the largest cryptocurrency by value. Its 24-hour trading volume was a staggering $50 billion, with Bitcoin's price fluctuating between $95,829 and $99,406 during this period, according to Walke, a derivatives research analyst at Delta Exchange, believes this positive momentum will likely persist. “The Federal Reserve’s decision signals a continued focus on controlling inflation, reinforcing a tight monetary policy stance,” he explained. Edul Patel, co-founder and CEO of Mudrex, echoed similar sentiments, noting that the Fed’s cautious stance on interest rates and China’s liquidity-boosting measures have created a favorable macroeconomic environment for cryptocurrencies. Bitcoin rose by 2,000 points, highlighting its growing role as a store of value rather than merely a speculative asset.Bitcoin ETFs recently saw an all-time high of $40.62 billion in cumulative inflows—Bitcoin’s transformation into a mainstream investment vehicle is becoming traders are increasingly paying attention and are speculating that the trade deal could further energize market participants after US President Donald Trump’s upcoming announcement of a major trade deal with the UK. Trump teased the news in a May 7 post, calling it a “major trade deal” with a “big, and highly respected, country,” which The New York Times later confirmed would be the UK. Ethereum, the second-largest cryptocurrency by market capitalization, also experienced an uptick, rising 3.96 per cent to $1,899.90. Other altcoins, such as Solana (SOL), Cardano (ADA), and Ripple (XRP), saw gains as well, signaling a positive mood among hasn’t crossed the $100,000 mark since February 1, 2025, when markets briefly surged after Trump proposed tariffs on China, Canada, and the $100K level draws nearer, Bitcoin’s growing role as a mainstream investment asset continues to take asked questionsWhen was Bitcoin created?Bitcoin was created in 2009 by an anonymous person or group known as Satoshi Nakamoto as a decentralized digital currency. It introduced blockchain technology, allowing peer-to-peer transactions without intermediaries like Bitcoin ever crossed the $100,000 mark before?Yes, Bitcoin first crossed the $100,000 threshold on December 4, 2024, driven by a surge in investor confidence following Donald Trump's is Bitcoin's all-time high price?Bitcoin's highest recorded price is $109,026.02, achieved on January 20, 2025.