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 the direction of $100k could be credited to bullish macroeconomic indicators, together with a landmark US-UK commerce settlement introduced by US President Donald Trump. Importantly, US state Arizona accepted a landmark crypto reserve regulation 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 anticipated to comply with intently.
Man isn’t successful candy—-so many nay-sayers, simply days in the past, whining, criticizing like little bitches and days later, we have now one clear resolution by NH, then reversal from Arizona Gov, subsequent is Texas who hasn’t completed something Massive since Massive Oil and Gasoline!
Is Texas coming into the… https://t.co/O4xoPwydAv
— Gary Cardone (@GaryCardone) Might 8, 2025
Moreover, regardless of stress for cuts, the Federal Reserve held rates of interest regular. This gave a good increase to Bitcoin, which has been displaying power for weeks now. Though the Fed didn’t reduce 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 decreased want for top borrowing prices.
Notably, Bitcoin first breached the $100k mark in December of final 12 months, 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.
Past fast 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 development. Is $110k subsequent for BTC?
“$BTC will NEVER hit $100K once more” — some man in 2022Meanwhile in 2025:
When do YOU assume Bitcoin breaks $100K once more?Drop your guess + reasoningLet’s see who’s acquired the alpha#BTC #Crypto #Infinite #meme pic.twitter.com/7sTATFaVfK
— Infinite (@EndlessProtocol) Might 8, 2025
Nevertheless, whereas Bitcoin enjoys renewed dominance, the broader altcoin market has struggled to maintain tempo.
DISCOVER: High 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.
Reducing 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 are actually eyeing $105,000 as the following key resistance stage.
Ought to the US-UK commerce deal progress easily, bulls argue that the trail to $120,000 may open quickly.
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