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Bitcoin has made a dramatic return to six-figure territory and reclaimed its $100k milestone for the primary time since January 2025. On 8 Might 2025, BTC surged 4.2% from an intraday low of $95,967. As optimism returns to the crypto panorama, Bitcoin’s current push in direction of $100k could be credited to bullish macroeconomic alerts, together with a landmark US-UK commerce settlement introduced by US President Donald Trump. Importantly, US state Arizona permitted a landmark crypto reserve legislation for state-managed Bitcoin fund.
Arizona formally enacted Home Invoice 2749 on Thursday, 8 Might 2025. Whereas Arizona is now dedicated to constructing a Bitcoin reserve, Texas is predicted to observe carefully.
Man isn’t profitable candy—-so many nay-sayers, simply days in the past, whining, criticizing like little bitches and days later, we’ve got one clear choice by NH, then reversal from Arizona Gov, subsequent is Texas who hasn’t performed something Massive since Massive Oil and Fuel!
Is Texas coming into the… https://t.co/O4xoPwydAv
— Gary Cardone (@GaryCardone) Might 8, 2025
Moreover, regardless of strain for cuts, the Federal Reserve held rates of interest regular. This gave a good increase to Bitcoin, which has been exhibiting energy for weeks now. Though the Fed didn’t minimize charges, economists anticipate a price drop in June 2025. In the meantime Trump urged Jerome Powell and the FOMC to decrease charges, citing cooling inflation and lowered want for prime borrowing prices.
Notably, Bitcoin first breached the $100k mark in December of final yr, alongside Trump’s victory. BTC went all the way in which as much as $109k earlier than its trajectory was interrupted by elements together with Trump’s tariffs and the worldwide commerce warfare.Â
Past instant occasions, ongoing progress within the US and world crypto regulation and the emergence of strategic Bitcoin reserve initiatives are seen as supportive of long-term progress. Is $110k subsequent for BTC?
“$BTC will NEVER hit $100K once more” — some man in 2022Meanwhile in 2025:
When do YOU suppose Bitcoin breaks $100K once more?Drop your guess + reasoningLet’s see who’s received the alpha#BTC #Crypto #Limitless #meme pic.twitter.com/7sTATFaVfK
— Limitless (@EndlessProtocol) Might 8, 2025
Nevertheless, whereas Bitcoin enjoys renewed dominance, the broader altcoin market has struggled to maintain tempo.
DISCOVER:Â Prime 20 Crypto to Purchase in Might 2025
Trump’s Commerce Deal With UK: Main Catalyst For Bitcoin?
On 8 Might 2025, a Reuters report confirmed the US-UK commerce deal, the place Trump and the British Prime Minister Keir Starmer introduced a “breakthrough deal” on commerce.
Slicing down the notorious Trump’s tariffs, the commerce deal features a 10% tariff on items imported from the UK whereas Britain agreed to decrease its tariffs to 1.8% from 5.1% and supply better entry to US items.
Key Takeaways
With the $100,000 psychological barrier breached, merchants at the moment are eyeing $105,000 as the subsequent key resistance degree.Â
Ought to the US-UK commerce deal progress easily, bulls argue that the trail to $120,000 may open quickly.
The submit Bitcoin Breaches $100K As US-UK Signal Commerce Deal And Arizona Approves Crypto Reserve Regulation appeared first on 99Bitcoins.
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