Bitcoin has made a dramatic return to six-figure territory, regaining its $10,000 milestone for the first time since January 2025. On May 8, 2025, BTC skyrocketed 4.2% from its intraday low of $95,967. As optimism returns to the crypto landscape, Bitcoin’s recent push to $100,000 could be praised for bullish macroeconomic signals, including the landmark US-UK trade agreement announced by US President Donald Trump. Importantly, the US state Arizona has approved the state-controlled Bitcoin Fund’s groundbreaking cryptographic preparation law.
Arizona officially enacted House Bill 2749 on Thursday, May 8, 2025. Arizona is currently committed to building a Bitcoin Reserve, but Texas is expected to follow closely.
The man has not acquired anything sweet. Just a few days ago, whining, criticising like a small bitch, and a few days later, there’s one clean decision by the NH, and a reversal from the Arizona government.
Is Texas coming in? https://t.co/o4xopwydav
– Gary Card (@garycardone) May 8, 2025
Furthermore, despite pressure to cut, the Federal Reserve has stabilized interest rates. This has given Bitcoin a significant boost. The Fed did not cut interest rates, but economists are hoping to see a drop in rates in June 2025. Meanwhile, Trump urged Jerome Powell and the FOMC to lower the rates, citing reduced cooling inflation and the need for high borrowing costs.
In particular, Bitcoin first violated its $10,000 mark in December last year. Trump’s victory. The BTC went all the way to $109,000 before the trajectory was interrupted by factors such as Trump’s tariffs and the World Trade War.
Beyond immediate events, the emergence of US and global crypto regulations and strategic Bitcoin Reserve initiatives is seen as in favour of long-term growth. Is it $110,000 next to BTC?
“$btc will never reach $100k again” – Man of 2022
Meanwhile, 2025: 🤑When do you think Bitcoin will beat $100,000 again?
guess + drop inference
Let’s see who has the alpha#BTC #crypto #ENDLESS #meme pic.twitter.com/7statfavfk– Endless (@endlessprotocol) May 8, 2025
But while Bitcoin enjoys new domination, the wider altcoin market is struggling to maintain its pace.
Discover: Top 20 Cryptography to Buy in May 2025
Trump’s trade agreement with the UK: a major catalyst for Bitcoin?
May 8, 2025, Reuters Report President Trump and British Prime Minister Kiel Starmer have confirmed the US-UK trade agreement, which has announced a “groundbreaking trade” on trade.
Cutting the infamous Trump tariffs, the trade deal includes a 10% tariff on goods imported from the UK, but the UK agreed to cut that tariff from 5.1% to 1.8%, increasing access to US goods.
“It opens an incredible market for us,” Trump said. Meanwhile, comments on trade contract priorities said, “This is a truly wonderful, historic day.”
Key takeout
- With the $100,000 psychological barrier being violated, traders are looking at $105,000 as the next major level of resistance.
- If the US-UK trade deal goes smoothly, the Bulls claim that the road to $120,000 could open quickly.
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