Bitcoin is flirting with $100,000 once more as it hovers between $99,200 and $99,700 this early European morning. Today (May 8), the lead cryptocurrency looks set to retest $100k for the first time since early February this year. In anticipation of a move above $100k, investors are rotating into Bitcoin beta play STX crypto, which soars 10% overnight.
Following yesterday’s mediocre FOMC meeting, which saw interest rates held at their current levels, BTC quickly sank from $97k to $96.1k. Many investors felt a drop back to $90k could be on the cards. However, Bitcoin has other ideas.
“The hard road goes from 80k to 100k.
The easy road goes from 100k to 250k.” https://t.co/Ne5b8kfiwl pic.twitter.com/dVgLrnEAUB— CROW (@TheCrowtrades) May 8, 2025
Bitcoin Gunning For $100k With All Of The Catalysts Aligning For New All-Time Highs
After Binance founder CZ recently predicted that Bitcoin would hit between $500,000 and $1,000,000 this cycle, the stars seem to be aligning for such bullish price predictions.
Firstly, in all prior bull market cycles, Bitcoin has peaked between 12 and 16 months after halving. With the last BTC halving taking place in April 2024, the 12-16 month period stretches from April 2025 to August 2025. We are currently within that period, just as Bitcoin looks set to retest $100k.
Also, the next FOMC meeting is in June. After the Fed announced no change in yesterday’s meetings, analysts believe June’s meeting will result in a 25 bps cut.
Currently, the CME FedWatch Tool has a cut in next month’s meeting with a 30% chance of happening. This number is expected to grow as the date approaches.
Another catalyst knitting the bullish Bitcoin momentum together is its potential to enter price discovery with a new all-time high. If BTC can breach its ATH of $108,786, it will effectively enter price discovery, leading to massive price spikes due to the unknown.
With no pre-established support levels or historical data to work from, an asset entering price discovery often results in huge moves to the upside. Many are patiently watching for Bitcoin’s reaction to a potential flip above $100k as the leading cryptocurrency gears up for a red-hot Summer.
A rumored US-UK trade deal, along with growing anticipation of the US announcing a trade deal with China, may also factor into Bitcoin’s heading back to $100,000 and beyond in the short term.
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Smart Investors Are Already Pivoting To Bitcoin Beta Plays, With STX Crypto Gaining Traction
In the past, whenever Bitcoin began to make big moves to the upside, projects associated with Bitcoin tended to run hard alongside it. One prominent example is Stacks (STX).
STX crypto has surged 9% overnight as Bitcoin heads for a $100k retest. Stacks is known for moving side-by-side with BTC, often outperforming the leading digital asset due to its smaller market cap and more volatile price swings.
Stacks is a Layer-2 solution built on top of the Bitcoin blockchain. It utilizes Bitcoin’s security and immutability while adding new, impossible features on the Bitcoin mainnet.
The main thing Stacks brings to Bitcoin is the creation and execution of smart contracts. While Ethereum is filled with thousands of dApps (decentralized apps), all utilizing innovative contract technology, they aren’t compatible with the Bitcoin base layer, which is where Stacks comes in.
STX crypto is the native token on the Stacks network. It is used to pay for transaction fees, incentivize miners, and also for staking purposes.
It has just bounced from a key support level and aims for the $1.06–1.08 zone. This level is key because it is a heavy resistance level for STX crypto.
When anticipating how Stacks will perform, all eyes should be on Bitcoin. If BTC flips $100k and makes a run toward a new all-time high, then it looks increasingly likely that STX will blow past the resistance zone and begin its own push toward $2.
BONUS: BTC Bull (BTCBULL) Hits $5.4m In Presale Funding: Is This The New Bluechip Bitcoin Beta Play?
When considering what the best beta play to Bitcoin is, one thing that BTCBULL has over STX crypto is its upcoming Bitcoin airdrops.
While Stacks provides a much-needed service to the Bitcoin blockchain, supporting it with a full-fledged Layer-2 solution, BTC Bull keeps things simple.
BTC Bull is a meme coin at heart. The theme is a bull kitted out in Bitcoin clothing taking on bears left and right. As a meme coin, BTCBULL has huge appeal for crypto maxi’s who believe a life-changing bull run is just ahead.
However, this new project doesn’t stop at simply being a pro-bull meme coin project. For simply holding the BTCBULL token, investors will receive Bitcoin airdrops once BTC hits $150k.
These airdrops will continue at every $50k price increase, meaning that even the low end of CZ Bitcoin price prediction of $500k, there could be eight separate BTC airdrops on the way this cycle.
Things don’t stop there either. The BTC Bull team has included a token burn mechanism into the project. Like the airdrop setup, token burns will begin at $125k, with subsequent burns occurring at every $50k increase for BTC.
Once BTC hits $125k, every $25k increase will result in either a Bitcoin airdrop or a BTCBULL token burn. The team’s genius move of reducing the supply and increasing scarcity while driving up demand for the token as investors clamour for a slice of the airdrops is a win-win.
Investors can purchase BTCBULL using ETH, USDT, or bank cards via Best Wallet, a secure non-custodial wallet with native airdrop support.
Visit The BTCBULL Website To Learn More
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Bitcoin looks set to retest $100,000 after positive response to FOMC 'no change' to interest rates
- BTC is up 2.8% on the day as it closes in on $100k
- A trio of catalysts are propelling Bitcoin upwards. Upcoming FOMC meeting in June, being in the middle of the 12-16 month post-halving period and close to entering price discovery
- STX crypto has often been the best beta play to BTC as the layer-2 solution on Bitcoin
- BTCBULL could be the new hot Bitcoin beta play with its BTC airdrops starting at $150k
The post Bitcoin Price Closing In On $100k Retest: Smart Money Rotates Into BTC Beta Plays As STX Crypto Erupts appeared first on 99Bitcoins.
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