BTC was stopped at $96,000 and pushed south to under $94,000 on May 6. With the US Federal Reserve expected to the key interest rates at current levels (4.25%/4.5%), there was little hope on the horizon. That hope came from a report claiming that the US and China will meet this weekend in Switzerland to discuss a potential trade deal. Within a day after this report, and a few more hints on the matter, the cryptocurrency finally reached $100,000.Bitcoin Breaks $100K, Ethereum’s Pectra Upgrade Boosts ETH, Fed Holds Rates: Weekly Crypto Recap

Source: Jordan Lyanchev, 2025-05-10; https://cryptopotato.com/bitcoin-breaks-100k-ethereums-pectra-upgrade-boosts-eth-fed-holds-rates-weekly-crypto-recap/