Bitcoin Approaches $100K Amid Institutional Optimism and Regulatory Shifts

As of May 7, 2025, Bitcoin (BTC) continues its strong bullish momentum, trading around $96,922 after a nearly 3% surge in the past 24 hours. The world’s leading cryptocurrency touched an intraday high of $97,513, edging closer to the highly anticipated $100,000 milestone.

Market optimism is being fueled by several key factors. Major institutional players, such as Tokyo-based Metaplanet, have increased their holdings, signaling long-term confidence in Bitcoin's value. The firm now owns 5,555 BTC, worth over $530 million.

On the regulatory front, New Hampshire made headlines as the first U.S. state to establish a Bitcoin reserve, allowing up to 5% of its public funds to be invested in digital assets. This progressive stance contrasts with other states like Florida, which recently halted similar initiatives.

Meanwhile, global economic developments—such as ongoing U.S.-China trade talks and anticipation around the Federal Reserve's next policy move—continue to influence investor sentiment.

Analysts suggest that a break above the $97,700 resistance could open the path to $100,000, marking a new psychological and technical milestone for BTC.