Bitcoin Surpasses $100,000, Altcoins Rally with EOS Up 18%

Bitcoin decisively surpassed the $100,000 milestone on May 8, 2025, trading near $100,500 and sparking widespread excitement across the crypto market. This significant breach occurred amidst surging market activity, fueled by anticipation of a major trade deal announcement and the Federal Reserve's decision to maintain steady interest rates.

While Bitcoin's achievement dominated headlines, several altcoins also delivered impressive performances, capitalizing on the bullish momentum. EOS led the pack with an 18% surge, reaching $0.8313. This rally was accompanied by a 272% spike in trading volume, indicating renewed investor interest. The momentum was driven by the anticipation of EOS's upcoming rebrand to Vaulta, with a token swap scheduled for May 14. This strategic rebranding effort, announced in March, has reinvigorated the community and pushed price action upward.

Bitcoin Cash (BCH) also secured a top spot, climbing over 13% to reach $419.39. BCH firmly reclaimed its 20-day Exponential Moving Average (EMA) near $363. Holding the critical $354 support proved pivotal, allowing BCH bulls to target the next key resistance around $433, with positive market sentiment providing tailwinds.

Ethena (ENA) posted gains exceeding 10%, trading at $0.2997. The token actively challenges its 20-day EMA resistance located near $0.3031. Its Relative Strength Index (RSI) sits at a neutral 47.68 but shows a distinct upward slope, suggesting underlying buying pressure could soon fuel an ENA breakout, placing it firmly among today’s notable gainers.

Stacks (STX) joined the leaders with a 10% jump, pushing its price to $0.9244 while setting sights on the psychological $1 resistance. The technical outlook appears favorable, with the MACD indicator printing a bullish divergence on STX’s daily timeframe. A convincing break above $1 could unlock sustained gains.

Theta Network (THETA) rounded out the top five, climbing nearly 9% to $0.7704. THETA’s current chart action hints at a potential bullish reversal pattern, an inverse head and shoulders (TOBO), which may be forming. Should this pattern complete and break its neckline, medium-term price targets near $3–$4 become plausible. Increased volume suggests traders are positioning for this possibility in the currently heated market.

In summary, the historic breakout of Bitcoin to $100,000 has catalyzed a surge in altcoin prices, with EOS, BCH, ENA, STX, and THETA leading the gains. The rebranding of EOS to Vaulta and the bullish technical indicators for these altcoins have contributed to their strong performance, reflecting the broader market excitement and positive sentiment.