Bitcoin rallies above $ 101,000 because US state strategic reserve levels and accelerate mass adoption

Key Takeaways:

• Bitcoin rallies at $ 101,707 against a rear of strong regulation and traditional financial spaces.

• Entrepreneurs are confident that $ 100,000 will be held in support.

Bitcoin (Btc) The price rallied above $ 100,000 on the heels of US President Donald Trump’s announcement of a “trade deal” in the UK, which could include a 10% tariff removal of all imports.

Frequent social posts from President Trump and public comments from White House cabinet members have indicated a small trade deals in negotiations with different countries, and markets positively respond to messaging. In addition to the UK trade deal, the US is set to meet Chinese officials in Switzerland on May 10.

The Dow scored 500 points following the White House announcement, while the S&P 500 rose 1.47%, and Bitcoins traded near $ 101,600 at the time of writing.

In a reality post in society, Trump wrote:

“There are many other deals, which are in the serious stages of negotiations, to follow!”

The importance of returning Bitcoin to six figures territory after trading below the level since February has not been lost to investors:

In an X post, the popular independent market analyst Macroscope said he was “watching closely,” and emphasized the importance of BTC to “hold” the $ 100,000 level as a support, rather than a short pop above the psychological level of resistance.

While initial advancement by $ 100,000 level appears to be driven by $ 241 million to Liquidations in the future marketThe political and investment environment surrounding Bitcoin has seen extensive improvements since the last time BTC exchanged more than six numbers.

Last week, governors of the two US states signed bills, which are now legal for states to establish strategic bitcoin reserves. On May 8, the Legislature in the US state of Missouri sent Bill 594, a bill of which Finish all the taxes that capture the capitalAt the desk of Governor Mike Kehoe.

Related: Try to be Bitcoin Treasury Company

On May 7, the US office of Currency (OCC) Comptroller confirmed that banks within its scope may be “responsible” Trade crypto on behalf of their customersAnd they can also “outsource” crypto and custodial activities at trusted third parties.

Latest: The Comptroller office of currency proves that national banks and federal savings associations “may engage in certain cryptocurrency activities.” pic.twitter.com/4euj6a7oui

– Cointelegraph (@cointelegraph) May 8, 2025

In late March, the FDIC has released a guide Banks provide green light to hold crypto assets and offer different goods and services to clients. In addition to the growing support of legislative and regulation for Bitcoin and other cryptocurrencies, the flow to the Bitcoin ETF area has intensified, in conjunction with increasing purchase and BTC Treasury from US-based and international listed public.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.