Crypto prices surged on May 8, 2025, with bold moves, bullish signals, and major updates from Binance, Stripe, Robinhood, and the Fed.
The crypto market is buzzing again.
On May 8, 2025, Bitcoin surged toward new highs while bold moves from Binance, Stripe, and the Fed fueled momentum.
Bitcoin Targets $100K as Institutions Double Down
Bitcoin (BTC) is on track toward the $100,000 mark, fueled by growing institutional inflows and whale accumulation.
According to CoinShares, Bitcoin-focused investment products saw over $200 million in net inflows this week.
On-chain data from Glassnode confirms whale wallets continue to accumulate BTC during dips.
📌 Read our Bitcoin strategy guide to learn how to buy dips like the pros.
If BTC closes above $98,000, it could signal a strong breakout toward six-figure territory.
XRP Holds $2 Support, $4 Price Target in Sight
XRP is showing impressive resilience, holding above the crucial $2 support level.
Technical analysts from CryptoQuant suggest that if momentum sustains, XRP could break toward the $4 mark.
Positive sentiment is rising after Ripple’s recent legal wins against the SEC, boosting long-term investor confidence.
📌 Explore our XRP Price Forecast for 2025.
Ethereum Upgrade Boosts Tech, But Market Activity Lags
The recent Ethereum Pectra upgrade has significantly improved scalability and validator efficiency.
Despite these upgrades, Ethereum’s daily transaction volume is trailing behind chains like Solana and BNB Chain.
According to Etherscan, network congestion has dropped, but some dApps are still exploring alternatives.
The dev community remains bullish on long-term ETH value due to ongoing infrastructure improvements.
📌 Read our Ethereum Layer 2 Rollups Guide for future scaling solutions.
BNB Chain Rises Fast, Price Prediction Hits $2,775 by 2028
BNB Chain is growing rapidly in DeFi and gaming, gaining traction from projects migrating off slower chains.
According to Messari, user activity on BNB Chain has increased 14% month-over-month.
Several analysts predict BNB could hit $2,775 by 2028, driven by developer adoption and Binance’s ecosystem support.
📌 Visit our BNB Chain Projects List to explore promising opportunities.
Market Developments:
- Binance released its 30th Proof-of-Reserves report, showing a BTC reserve ratio of 102.06%, indicating strong financial backing.
- Stripe launched stablecoin financial accounts in over 100 countries, enhancing global access to digital assets.
- The U.S. Office of the Comptroller of the Currency (OCC) clarified that national banks can buy and sell customer-custodied crypto assets and outsource related services, potentially expanding banks’ involvement in the crypto sector.
- Robinhood is developing a blockchain-based platform to allow European users to trade tokenized U.S. financial assets, signaling a significant expansion into international markets.
Final Thoughts & Market Sentiment
As of May 8, 2025, the crypto market shows strong bullish trends across top coins.
Macro updates like Stripe’s stablecoin rollout and Fed rate speculation are also affecting sentiment.
Read the full May 8 Bitcoin Analysis on Moomoo for more.
Before investing, always consider risk, position sizing, and your long-term strategy.
Disclaimer: Includes third-party opinions. No financial advice.
