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 latest push in direction of $100k will be credited to bullish macroeconomic alerts, together with a landmark US-UK commerce settlement introduced by US President Donald Trump. Importantly, US state Arizona accredited 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 intently.
Man isn’t successful 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 Large since Large Oil and Fuel!
— Gary Cardone (@GaryCardone) Might 8, 2025
Moreover, regardless of stress for cuts, the Federal Reserve held rates of interest regular. This gave a good enhance to Bitcoin, which has been displaying power for weeks now. Though the Fed didn’t minimize charges, economists count on 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 struggle.
Past rapid 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 once more” — 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: 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 higher entry to US items.
“It opens up an incredible marketplace for us,” Trump mentioned. In the meantime, commenting on the commerce deal Starmer mentioned, “This can be a actually implausible, historic day.”
Key Takeaways
- With the $100,000 psychological barrier breached, merchants are actually eyeing $105,000 as the subsequent key resistance degree.
- Ought to the US-UK commerce deal progress easily, bulls argue that the trail to $120,000 might open quickly.
Why you may belief 99Bitcoins
10+ Years
Established in 2013, 99Bitcoin’s staff members have been crypto specialists since Bitcoin’s Early days.
90hr+
Weekly Analysis
100k+
Month-to-month readers
50+
Knowledgeable contributors
2000+
Crypto Tasks Reviewed
Akriti Seth
Senior Editor
Akriti Seth is a Zurich-based Enterprise Journalist and Crypto Editor. Her ardour for journalism has taken her throughout the globe – from thriving as an on-television correspondent to writing partaking articles, she has labored for corporations like Informa UK, Bloomberg… Learn Extra
Bitcoin Breaches $100K As US-UK Sign Trade Deal And Arizona Approves Crypto Reserve Law