Most essential snack:
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Bitcoin gathers on 101,707 US dollars against a background of strong foundations in regulatory and traditional financial sectors.
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Traders are confident that $ 100,000 keeps support.
The price of Bitcoin (BTC) gathered over 100,000 US dollars after the announcement of a “trade agreement” by US President Donald Trump, who may comprise 10% tariff for all imports.
Frequent social contributions from President Trump and public comments from the cupboard members of the White House have identified a handful of trade agreements in negotiations with different countries, and the markets responded positively to the news. In addition to the British trade agreement, the United States will meet Chinese officials in Switzerland on May 10.
After the announcement of the White House, the Dow scored 500 points, while the S&P 500 rose 1.47%and Bitcoin was traded near USD on the time of writing.
Trump wrote in a social contribution to the reality:
“Many other shops which are in serious stages of negotiations to follow!”
The importance of returning Bitcoin into the six -digit area after trading under the extent since February has not been lost amongst investors:
In an X -Post, the favored independent market analyst Macroscope said that he had “observed closely” and emphasized how essential BTC “holds” the extent of $ 100,000 as support and never as a brief pop level above the extent of psychological resistance.
X / macroscope
While the initial increase attributable to the extent of $ 100,000 $ 241 million within the Futures market liquidations has been powered, the political and investment -related environment by way of Bitcoin has been traded over six figures since last time.
Last week, the governors of two US states signed invoices that now legally make the states legal to determine strategic Bitcoin reserves. On May 8, the legislator within the US state of Missouri Bill 594 sent an invoice that will end all capital gains taxes to the governor Mike Kehoe's desk.
On May 7, the US office of the Compotroller of the Currency (OCC) confirmed that banks of their jurisdiction can “act responsibly” of their jurisdiction and may also “outsource” crypto and depot activities in an effort to trust trustworthy third parties.
🇺🇸 Latest: The Currency's office confirms that national banks and federal savings associations “can perform certain cryptocurrency activities”. pic.twitter.com/4euj6a7oui
– Cointelegraph (@coinelegraph) May 8, 2025
At the top of March, the FDIC issued guidelines that give the banks green light to maintain crypto assets and offer customers different goods and services. In addition to the growing support of legislative and regulatory support for Bitcoin and other cryptocurrencies, the tributaries for the Spot-Bitcoin ETFs and the increasing purchase and BTC treasure chamber have increased from US and internationally listed corporations.
This article doesn’t contain investment advice or recommendations. Every investment and trade movement is the chance, and readers should perform their very own research results in the event that they make a call.
