Bitcoin (BTC) has returned above the $99,000 barrier for the first time in more than two months, giving experts hope that the price may soon break over $100,000.
Notably, Bitcoin has performed quite well over the last month. Its value has increased by 31.8%, a significant recovery from its early April Liberation Day lows.
Is Bitcoin on track to reach $100,000?
The biggest cryptocurrency hit $99,388 in early Asian trading hours, the highest since February 21, 2025. The price of Bitcoin was $98,874 at the time of writing. The currency saw a little 0.3% decline during the last hour, according to statistics.
This increase, however, has increased hope that a climb to $100,000 is unavoidable. The optimistic sentiment has been shared by market players on X (previously Twitter).
“Bitcoin is knocking on the door of $100,000 again. Tick, tock…,” Anthony Pompliano wrote.
According to a previous Bitfinex prediction, a return to Bitcoin’s all-time highs is inevitable if it maintains above $95,000. Bitcoin is currently trading above this mark, suggesting that this forecast is coming true.
Additionally, the positive feeling is supported by a number of market movements and indicators. According to one expert, Bitcoin has surpassed a price range where a large number of traders were using significant leverage to keep short bets.
$BTC broke out of the high leverage short position zone.
There is no significant resistance until around 100k. pic.twitter.com/hRWi6IzFZ4
— CW (@CW8900) May 8, 2025
Glassnode also reported in their weekly email that the realized capitalization of Bitcoin has increased by 2.1% in the last month to a record high of $889 billion. This rise is a result of increased capital inflows and investor confidence.
Significant cash is moving back into Bitcoin, especially through ETFs, according to the business, which also saw indications of resurgent market strength. Bitcoin ETFs have had inflows of almost $4.6 billion in the past two weeks.
“The total AUM held within the US spot ETFs has now climbed to over 1.171 million BTC, which is just 11,000 BTC shy of the 1.182 million BTC ATH,” the newsletter highlighted.
Strong demand for Bitcoin is also evidenced by the fact that this spike in inflows has essentially reversed the previous period of outflows.
“Strong ETF inflows, alongside improved investor confidence, helps to paint a picture of stronger tailwinds supporting the Bitcoin market,” Glassnode added.
The quantity of stablecoins delivered to Binance has increased significantly during the last three days, according to CryptoQuant. The greatest single-day deposit since April was on May 6, when the inflow peaked at about $1 billion.
“Stablecoin inflows typically reflect investor readiness to enter the market, as these assets are often sent to exchanges in anticipation of buy-side activity,” the post read.
Furthermore, a decrease in the holdings of various significant cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), BNB (BNB), and Solana (SOL), was revealed in Binance’s most recent reserve declaration. On the other hand, the 2.6% rise in Tether (USDT) reserves is noteworthy.
A surge in liquidity is suggested by this increase in stablecoin holdings. This indicates that traders are setting up their positions for upcoming trades.
Binance released the 30th proof of reserves (snapshot date May 1). The user’s BTC assets were 604,411, down 1.35% from the previous month; the user’s ETH assets were 5.281 million, down 3.36%; the user’s USDT assets were 29.05 billion, up 2.61%.https://t.co/jGCPnwcv0j pic.twitter.com/N86MngnMwQ
— Wu Blockchain (@WuBlockchain) May 7, 2025
The decline in Tether dominance (USDT.D) has added to the optimism. When USDT.D declines, it usually means that investors are shifting their money from stablecoins to other cryptocurrency assets, which feeds the surge even more.
Legislative developments are another factor supporting Bitcoin. Numerous legislation pertaining to Bitcoin reserves are still in the legislative process, and two bills have already been passed. This suggests that Bitcoin is becoming more and more accepted by institutions and the government.
Investors are keeping a careful eye on whether this rise will continue to gain traction or encounter resistance as Bitcoin gets closer to the $100,000 mark. With favorable market circumstances, the cryptocurrency world is still anticipating what would be a significant milestone for Bitcoin.
Pepe Coin price eyes 60% rally as whales load up 24T PEPE
The reversal of the PEPE coin price creates a bullish pattern. Traders wagered on a breakthrough rise toward $0.00001465 as whale holdings increased by 20%.
The price of Pepe Coin (PEPE) has increased by about 9% despite the Fed’s meeting and its decision to maintain target rates at their current level. With whale holdings soaring in 2025, PEPE, which is now trading at $0.00000837, is implying a prolonged surge to breach $0.000010. Will the Pepe coin’s fresh momentum lead to a 60% surge to $0.00001465?
PEPE price surge targets cup and handle pattern breakout
On May 7, Pepe currency had a 5.28% increase, completing a morning star pattern with a bullish engulfing candle. As seen by the intraday rebound of 2.20%, this typically corresponds to a trend reversal. It brings an end to the downward trend in PEPE that produced a run of seven bearish candles in a row.
PEPE is poised to test the established $0.0000090 barrier after surpassing the 23.60% Fibonacci level at $0.00000823. Additionally, a cup and handle motif is shown by the change in the meme coin’s trend. The pattern is completed by Pepe’s price reversal from $0.00000576 in early April and the latest recovery. The $0.0000090 supply zone and the pattern’s neckline line up.
The breakout from the cup and handle pattern will be confirmed by a clear daily candlestick close above the neckline. PEPE may reach a price objective of $0.000001465 (61.80% Fib level) as a result of this breakout surge. By adding the cup’s depth to the breakout point, the objective is determined. This is consistent with the optimistic Pepe coin price forecast, which calls for a positive comeback of the meme coin with a frog motif.
The Supertrend Indicator indicates a persistent optimistic outlook as PEPE hovers above $0.0000075. Additionally, as bullish momentum returns, the MACD and Signal lines suggest a crossover. As a result, the technical indicators back up the Pepe price trend’s upward potential.
Conversely, the Pepe currency will see another decline if it is unable to surpass the neckline. Under such circumstances, the decline can retest the $0.0000075 level.
Whale holdings add 24T PEPE in 2025
According to IntotheBlock’s Balance by Holding Indicator, there has been a 20% rise in the PEPE whale holding (10t to 100t). On January 1, the balance was 119.83 trillion PEPE; on May 7, it was 144.56 trillion. Such a significant rise in whale holdings demonstrates a solid foundation of confidence and raises Pepe’s prospects of a bull run.
Rising long positions defend short liquidation risk
The PEPE Open Interest is $396 million, according to Coinglass, and long holdings have increased by 52.78% during the past four hours. An increase in optimism is indicated by the long/short ratio rising to 1.1177. The positioning build-up protects the $1.64 million long liquidation risk at $0.00000832, as can be seen in the Pepe Liquidation Map. At $0.00000843, there is a $1.12 million short liquidation risk supposing the recent rise prolongs.
Therefore, if the upward trend persists, a possible spike in short liquidations will support the Pepe rise and raise the likelihood of the $0.000010 breakthrough. Consequently, a bullish run toward the $0.00001465 goal is set in motion.
Shiba Inu price impact if SHIB burns 1 trillion tokens everyday
Examine the effects on Shiba Inu prices if the SHIB burn rate soars to 1 trillion token burns per day due to a spike in network activity.
The price of Shiba Inu (SHIB) is trading at a four-day high as the SHIB burn rate spikes due to increased network activity. As of the time of writing, the burn rate has increased by 3,000%, and the community burn portal indicates that 1 trillion SHIB tokens have been burnt overall. Can SHIB burn 1 trillion tokens each day as network activity and use increase, and if so, how would it affect the price of the token?
Shiba Inu price today as bulls target $0.000014
Since Bitcoin’s surge beyond $99,000 stoked optimism for altcoins, particularly meme currencies, the price of Shiba Inu is currently trading at $0.0000132, up 4% on the day.
This top meme coin is currently aiming for the resistance level of $0.0000134, according to the four-hour SHIB chart. Should it be able to break out of this level, it might rise to a two-week high of $0.0000147.
The rising burn rate is one of the elements influencing Shiba Inu price increases. According to Shibburn data, the 24-hour burn rate has increased by 3000%, and more over 67 million of the meme token’s supply has been burned in a single week.
SHIB price impact if burn rate hits 1 trillion daily
Given that there are just 1 trillion token burns on the community burn portal—barely scratching the surface of Shiba Inu’s 589 trillion currency supply—the present SHIB burn rate is noticeably low.
Within a year, 365 trillion SHIB tokens—roughly 62% of the total supply—would be burned if the burn rate were to soar to 1 trillion each day. According to Grok3,
“Burning 1 trillion SHIB tokens daily could theoretically increase the price by 167% in one year to $0.000037, assuming constant market cap, with potential for higher gains if demand surges.”
In addition to removing market cap restrictions, a sharp drop in supply will enable the Shiba Inu price to reach psychological thresholds of $0.01 or $0.001.
Can SHIB realistically burn 1 trillion tokens every day?
The ecosystem would need to evolve exponentially for Shiba Inu to reach a burn rate of one trillion SHIB. Additionally, top layer two networks like Polygon or Arbitrum will have to contend with activities on the Shibarium layer two network.
After a steady increase over the last month, Shibarium is currently on track to reach its $3 million TVL milestone. According to Shibscan statistics, this expansion is occurring at the same time as SHIB transaction volumes have doubled.
Shibarium’s TVL has the potential to reach 1 trillion token burns if it can soar beyond $1 billion and rank among the top layer twos as usage increases.
Shiba Inu technical analysis as cup and handle pattern emerges
The price of Shiba Inu is now looking for a breakout over the handle’s resistance after forming a cup and handle pattern on the daily chart. It will promote an upward trend towards $0.000017 and indicate a bullish Shiba Inu price forecast if it is able to break out.
With the +DI line (blue) passing above the -DI line (red), indicating that a positive trend is currently in play, the DMI supports the possibility that the uptrend will continue. The ADX line, which indicates that the present trend is weak and that Shiba Inu may drop to test resistance at the handle’s breakout point, should be watched carefully by traders.
In conclusion, with recent gains of 4% and the surge in network activity and burn rate, the price of SHIB seems to be on a positive trajectory. The meme coin is aiming for enormous profits and new heights if the trend continues and the usage of shibarium increases to 1 trillion SHIB burns every day.
