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 may be credited to bullish macroeconomic indicators, together with a landmark US-UK commerce settlement introduced by US President Donald Trump. Importantly, US state Arizona authorised 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 anticipated to observe carefully.
Man isn’t successful candy—-so many nay-sayers, simply days in the past, whining, criticizing like little bitches and days later, we now have one clear determination by NH, then reversal from Arizona Gov, subsequent is Texas who hasn’t finished something Massive since Massive Oil and Fuel!
Is Texas coming into the…
— 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 fee drop in June 2025. In the meantime Trump urged Jerome Powell and the FOMC to decrease charges, citing cooling inflation and decreased 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 best way as much as $109k earlier than its trajectory was interrupted by elements together with Trump’s tariffs and the worldwide commerce battle.
Past speedy occasions, ongoing progress within the US and international 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 again” — some man in 2022
In the meantime in 2025:When do YOU assume Bitcoin breaks $100K once more?
Drop your guess + reasoning
Let’s see who’s bought the alpha#BTC #Crypto #Countless #meme pic.twitter.com/7sTATFaVfK— Countless (@EndlessProtocol) Might 8, 2025
Nonetheless, 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 Trade 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 larger entry to US items.
Key Takeaways
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With the $100,000 psychological barrier breached, merchants at the moment are eyeing $105,000 as the subsequent key resistance degree.
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Ought to the US-UK commerce deal progress easily, bulls argue that the trail to $120,000 may open quickly.
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