Bitcoin has once again surged past the $100,000 mark

May 9 News – According to a new report by Matrixport, Bitcoin has once again surged past the $100,000 mark, rising 16% since hitting the key level of $85,450 on April 11.

The report highlights that Bitcoin's breakout above its 21-week moving average ($87,199) and Fibonacci resistance level ($87,045), coupled with accelerating ETF inflows, has triggered a strong bullish signal.

Currently, Bitcoin’s market dominance has risen to 64.5% — the highest since the 2021 DeFi boom — reflecting a shift toward "safe-haven" assets.

In contrast, altcoins continue to underperform, with social media interest dropping over 40% since December last year.

The report advises maintaining a bullish outlook on Bitcoin while using altcoin perpetual contracts as a hedge against market risks.