Bitcoin has once again stormed past the six-figure mark, soaring to $101,700 amid a surge of momentum from the traditional finance world and an increasingly favorable U.S. regulatory climate. It’s a moment many Bitcoin believers have been waiting for — and this time, it feels different.
After months of uncertainty, legislative and political tailwinds seem to be giving the crypto market some real muscle. President Donald Trump’s recent announcement of a major trade deal with the United Kingdom — including talk of lifting the 10% blanket import tariff — triggered an immediate boost in investor sentiment. Stocks jumped in tandem, with the Dow spiking 500 points and the S&P 500 climbing 1.47%. But it was Bitcoin that stole the spotlight.
At the time of writing, BTC was hovering around $101,600, fueled by a wave of optimism — and nearly a quarter-billion dollars in futures liquidations that helped catapult the price past the key $100K psychological level.
But this isn’t just a one-day wonder.
The Legislative Shift That’s Shaping the BTC Narrative
What makes this rally stand out is the backdrop it’s building on. Over the last week, several legislative wins have bolstered Bitcoin’s position in the U.S. financial ecosystem. Two states passed bills greenlighting the creation of strategic Bitcoin reserves — a bold sign of institutional confidence in the asset.
Missouri is making waves with Bill 594, which proposes eliminating all capital gains taxes on Bitcoin transactions. The bill is now awaiting the governor’s signature. Meanwhile, federal regulators are also stepping up. The Office of the Comptroller of the Currency (OCC) recently clarified that banks under its jurisdiction can offer crypto trading and custodial services, even outsourcing these functions to third-party providers if needed.
The Federal Deposit Insurance Corporation (FDIC) added further legitimacy in March, granting banks the green light to custody crypto assets and integrate crypto services into their operations.
These are not minor adjustments — they’re structural shifts that give institutions a green light to go deeper into crypto. And it’s already happening.
ETFs, Treasuries, and the Slow March to Mainstream
Beyond policy, the data tells a bullish story. U.S. and international firms are doubling down on Bitcoin holdings, and inflows into spot Bitcoin ETFs have surged — a reflection of growing institutional appetite. This isn’t just about hype anymore; it’s about fundamentals catching up to the narrative.
MicroStrategy, a poster child for Bitcoin treasury strategy, continues to lead the charge. Other firms, inspired by regulatory clarity and market signals, are following suit.
Independent analysts are also paying close attention. One prominent market watcher known as Macroscope posted on X that $100,000 must hold as a floor, not just a flashy milestone. If BTC can maintain this level, the conversation shifts from “if” to “what’s next.”
Final Thoughts: Not Just a Rally — A New Chapter?
Bitcoin breaking $100K again is newsworthy on its own. But what’s more exciting is what’s driving it this time: a combination of legislative legitimacy, institutional interest, and evolving public policy. For the first time, Bitcoin isn’t just riding a wave of speculative hype — it’s finding a seat at the economic table.
Whether you’re an old-school HODLer or just now tuning in, one thing’s becoming clear: Bitcoin’s next chapter might just be its most important yet.
