Key results:

• Bitcoin is approaching USD 101,707 compared to forceful foundations in the regulatory and time-honored space.

• Traders are convinced that $ 100,000 will have support.

The price of Bitcoin (BTC) increased above USD 100,000 on the heels of the US President Donald Trump’s “Trade Agreement” with Great Britain, which may include the removal of a total tariff of 10% on all imports.

Repeated social posts of President Trump and public comments of members of the White House cabinet suggested several trade agreements in negotiations with different countries, and markets have positively responded to messages. In addition to the British trade agreement, the USA is to meet with Chinese officials in Switzerland on May 10.

Dow gained 500 points after the White House was announced, while the S&P 500 increased by 1.47%, and Bitcoin trades nearly USD 101,600 at the time of writing.

In a real social post, Trump wrote:

“Many other contracts that are in serious stages of negotiations, to follow!”

The importance of Bitcoin’s return to six -digit territory after trading below the level from February has not been lost on investors:

In post X, the popular independent market analyst Macroscope said that “he was watching carefully now” and emphasized the importance of “maintaining” the BTC level at $ 100,000 as support, not a miniature pop above the level of psychological resistance.

While the initial raise in USD 100,000 seems to be driven by $ 241 million Future market liquidationThe political and investment environment surrounding Bitcoin has recorded huge improvements since the last BTC trade above six numbers.

Last week, Governors of two US countries signed bills that now make the States with the establishment of strategic Bitcoin reserves. On May 8, the legislator in the American state of Missouri sent the Act 594, an act that would end all taxes on capital profits, on the governor’s desk Mike Kehoe.

Related: Try to become a fiscal bitcoin Company

On May 7, the American currency controller office (OCC) confirmed that banks in its jurisdiction can “trade” cryptocurrencies on behalf of their clients responsibly, and can also “order” the activities of cryptocurrency and freedom for trusted third parties.

🇺🇸 Latest: The currency controller office confirms that domestic and federal banks of savings associations “may be involved in some cryptocurrency activities”. pic.twitter.com/4euj6a7oui

– Cointelegraph (@Cointelegraph) May 8, 2025

At the end of March, FDIC issued guidelines for green featherlight banks for storing cryptocurrency assets and offering clients various goods and services. In addition to the growing legislative and regulatory support for Bitcoins and other cryptocurrencies, inflows to the ETF Bitcoin point increased, along with the growing purchase and BTC, the State Treasury from American and international stock market companies.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.