From Yahoo Finance: 2025-05-08 11:38:00

Bitcoin BTC has surged back above $100,000, defying expectations after a decline to under $75,000 following Trump’s tariff announcements. Altcoins like Solana SOL and ether ETH suffered even greater losses. The recent rally is attributed to a U.S.-UK trade deal and increased inflows into spot bitcoin ETFs, signaling growing institutional interest. Standard Chartered’s Geoff Kendrick predicts further price increases and institutional investment in bitcoin.

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