Bitcoin surpassed the $100,000 mark. Bullish!!!!!
Bitcoin broke the $100,000 mark, reaching $101,707 earlier today, May 9, 2025, as a series of favorable US policies, exchange traded fund flows, and cross-border trade developments all combined. The leading cryptocurrency increased 4.5% over the past 24 hours, reclaiming the six-figure mark and turning $100,000 into a possible support, with buyers now seeking further gains.
There are several reasons for the rally in Bitcoin. A new trade deal with the United States and United Kingdom, which was made public by President Donald Trump, initiated the optimism in markets. The agreement would remove a 10% import tariff, and Trump suggested additional deals are in the works in a post on Truth Social. Traditional markets responded positively, with the Dow Jones climbing half a thousand points and the S&P 500 climbing by 1.47%, while BTC/USD was trading at around $101,600. Investors are now waiting to see how May 10 talks in Switzerland, scheduled for the United States and China, could further influence sentiment.
Two US states have passed historic bills to make Bitcoin adoption easier. Missouri’s bill 594, signed into law on May 8, removes capital gains tax from BTC, and another state takes the cue by allowing state-level Bitcoin reserves to be created. These are among the growing trends of Bitcoin’s entry into public finance as an inflation hedge and strategic asset.
Regulatory advancements have also benefited Bitcoin’s course. The OCC, for one, now permits U.S. banks to trade crypto on clients’ behalf and outsource custody to qualified third-party firms. The FDIC’s letter in March further clears the path for permitting banks to hold crypto assets and offer related services, further legitimizing Bitcoin’s place in mainstream finance.
Spot Bitcoin funds are experiencing an inflow surge, fueled by regulatory clarity, increased interest from listed firms stashing BTC in their treasuries, and renewed retail excitement over favorable macro trends. Although the current surge was preceded by $241 million in liquidated futures, experts note that Bitcoin’s underlying fundamentals are firmer over the long term than they were in the earlier two rallies over $100,000.
The rise of Bitcoin above $101,707 solidifies its growing adoption and acceptance. With supportive policies, institutional demand, and optimism surrounding global trade, BTC is expected to have further momentum, making it an area of interest for crypto investors in the changing crypto landscape.
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