Bitcoin News: Multiple Favourable Information Drives BTC to Break $103,000

On May 9, Bitcoin broke through$103,000, compared to around April 22nd $93,442Rise over10.6%This wave of rise is not driven by a single reason, but by multiple factors working together.

Multi-dimensional reasons for promotion

ETF Fund Boost - But Not the Only One

Recently, mainstream Bitcoin ETFs such as BlackRock IBIT did experience significant net inflows, easing market liquidity tightness, but this is just one of many driving forces.

Favorable macroeconomic outlook

At the end of April, the U.S. inflation and employment data released was milder than expected, leading the market to anticipate that the Fed may slow down its pace of rate hikes, boosting risk assets and driving a general rebound in cryptocurrency assets.

On-chain data strengthens

Key on-chain indicators such as active addresses, transfer amount, and institutional custody positions have continued to improve in the past two weeks, indicating a simultaneous recovery in user activity and institutional confidence.

Anticipating the impact of halving

Several months away from the second halving in 2028, the market has already begun pricing in advance, and the expected decrease in mining rewards will further increase the scarcity of Bitcoin.

BTC current price performance

As of May 9th, the price of BTC is $103,384Steadily above $100,000.
Details see:Gate.com BTC/USDT

New Investor Must Read

1. Choose a secure platform:Gate.com and other compliant platforms have simple registration, support for fiat deposits, and comprehensive guidance for beginners.

2. Pay attention to multiple signals:In addition to ETF inflows, macro data, Fed statements, and on-chain indicators are equally crucial.

3. Learn basic technical analysis:Support/Resistance, Moving Average System, RSI can help you grasp entry and exit points.

4. Build positions in batches, set up stop-loss and take-profit orders:It is recommended that each position should not exceed 10-20% of the total, to diversify risks reasonably.

5. Maintain a medium- to long-term perspective:Invest regularly and hold to avoid the costs brought by short-term emotional operations.

Summary

Bitcoin's current peak is the result of multiple factors such as ETFs, macroeconomic favorable information, on-chain indicators, and halving expectations driving it. For beginners, understanding and synthesizing various signals, choosing compliant channels, and implementing risk management are the best ways to participate securely in the cryptocurrency market.