Bitcoin [BTC] climbed to $99,000 during early Asian trading on May 8 — its highest level since February — pushing its rebound from April’s lows to a notable 32%.
The rally came just hours after the U.S. Federal Reserve announced it would hold interest rates steady.
In a supporting statement, the Fed noted that the labor market remains robust, though inflation continues to run high.
Some market analysts are now predicting even greater gains ahead. One expert suggested that if BTC can break through the $100,000 threshold, it could potentially climb to as high as $200,000.
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Macro easing + crypto momentum = perfect storm