Bitcoin is back in six-figure territory — and this time, the rally appears to have more staying power. On the heels of major U.S. regulatory breakthroughs and President Donald Trump’s trade optimism, BTC surged to a high of $101,707, signaling growing investor confidence that the $100K level may finally be more than just a fleeting milestone.
U.S. Crypto Policy Pushes BTC to New Highs
Bitcoin’s latest price breakout comes as a wave of pro-Bitcoin legislation and regulatory updates sweeps across the United States. Two states have now officially approved the establishment of strategic Bitcoin reserves, marking a historic shift in how governments view crypto in the context of national financial strategy.
Just this week, Missouri’s legislature passed Bill 594, which is now on Governor Mike Kehoe’s desk. The bill proposes eliminating capital gains taxes on Bitcoin, a bold move that could catalyze crypto investment within the state. And that’s not all — more states are reportedly lining up similar legislation.
Meanwhile, federal agencies are also taking meaningful steps toward crypto integration. On May 7, the Office of the Comptroller of the Currency (OCC) gave traditional banks the green light to both trade crypto on behalf of clients and outsource custodial services to vetted third parties. This follows March guidance from the FDIC, which endorsed crypto asset management and services by regulated banks.
These regulatory green lights are not just symbolic — they’re fueling real investment momentum. Spot Bitcoin ETFs are seeing significant capital inflows, and both U.S.-based and global public companies are expanding their BTC treasuries in response to the friendlier climate.
Markets Rally on Trump Trade Talk
The crypto surge also parallels gains across traditional markets. After President Trump announced progress on a new U.S.-UK trade deal — one that may scrap the 10% blanket tariff on imports — Wall Street reacted enthusiastically. The Dow Jones jumped 500 points, while the S&P 500 gained 1.47%. Bitcoin quickly followed, trading above $101,600 at the time of writing.
In a Truth Social post, Trump hinted that several additional trade deals were “in serious stages of negotiation.” One such meeting is scheduled for May 10 in Switzerland, where U.S. officials will engage in talks with Chinese counterparts — potentially further boosting market sentiment.
Analysts Urge Caution Amid Euphoria
Despite the excitement, seasoned crypto watchers are urging caution. In a post on X (formerly Twitter), market analyst Macroscope emphasized that $100,000 must hold as support to confirm the strength of this breakout.
“The next few days are critical,” he wrote, noting that while liquidation-driven rallies can be powerful, they’re often short-lived without strong underlying support.
Indeed, over $241 million in futures positions were liquidated during Bitcoin’s ascent past $100K — a clear signal that the market is still volatile and responsive to short-term catalysts.
A New Era for Bitcoin?
If current momentum continues, this may not just be another price spike. With the U.S. embracing Bitcoin through policy, regulation, and institutional integration, it appears we’re entering a new chapter for crypto — one where Bitcoin isn’t just a speculative asset, but a strategic reserve and mainstream financial tool.
Whether BTC can maintain its position above $100,000 remains to be seen. But for now, investors are celebrating a market that’s no longer fighting for legitimacy — it’s starting to cement its place in America’s economic strategy.
