How Likely Is Bitcoin to Hit $100K over the Weekend?

By: fxleaders|2025/05/02 21:45:02

After a dramatic and unexpected ascent to $97,000, Bitcoin (BTC) has slowed down and is not sitting at $97,180 (BTC/USD). Is there still hope that it will reach $100K this weekend? The coin rose spectacularly on Wednesday evening and continued to climb through Thursday, hitting a high of $97,436, having climbed from $93,076 the previous day. Over the last 24 hours, Bitcoin has only increased by 0.44%, and it looks like the coin’s momentum is slowing down. Is this the dip before the bullish run to $100K, or has Bitcoin run out of steam for this week and in need of another boost? Most of the economic reports for the week have already been issued, but there are still a few scheduled for Friday. The U.S. nonfarm payrolls will be released today, as well as hourly wages and the unemployment report. These are arguably some of the biggest and most impactful economic reports for this period, so they could shift the stock market and the crypto currency market too. If the reports look positive and show economic growth, Bitcoin will likely take off and hit very close to $100K if not past it. The whales will likely want to give the coin a boost to get over that psychologically significant barrier so that more investors will want to jump on board. However, if these reports show signs of stagnation or decline, then we can expect Bitcoin to struggle to stay above $97K. With much of its momentum already gone at this point, the crypto coin needs something to drive it further. Thursday’s earnings reports looked positive at first, showing growth from Amazon and Apple , but further examination shows weak guidance moving forward and disappointment in some areas. Both of these stocks have suffered in premarket trading for Friday and may pull he stock market back down from its recent highs. There is some indication that the trade war between the United States and China is beginning to de-escalate, and if that is true, then Bitcoin will benefit tremendously. Fear of tariff impacts is keeping Bitcoin back from realizing its potential right now, as some analysts have predicted that the coin will grow in value exponentially to $1 million by 2028. If the trade war is truly winding down, then Bitcoin could easily shoot past $100K when that news breaks.

-- Price

The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...

Who is footing the bill for the $64 billion accounting frenzy?

Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

Overview of Important Market Events on June 25

Why do cryptocurrency projects always like to change their names?

In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

Overview of Important Market Events on June 24

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends

The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.

Former SpaceX engineer reconstructs the financial execution system using first principles

Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.

Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD

The throne of DeFi lending still exists, but the foundation beneath the throne needs to undergo a reconstruction or reinforcement.

Tidal Investment: We still have a positive outlook on the AI industry chain, but the reasons have changed

The intense financing by tech giants has triggered a panic of "AI peak," but the soaring capital expenditures of the five major cloud vendors and the bottlenecks in physical infrastructure indicate that the AI investment cycle is far from over; the second half of this grand performance has just begu...