$BTC #BTC/USDT News Update: 99K Breakthrough and Market Dynamics

On May 8, 2025, according to Binance data, BTC/USDT broke through $99,000, currently reported at $99,452.46, with a 24-hour increase of 2.56% and a trading volume of 22.403 BTC, demonstrating market enthusiasm. The price slightly retreated after reaching $99,888, indicating a potential need for consolidation in the short term. On the same day, the Governor of Arizona signed the 'Bitcoin Reserve Fund' bill, incorporating unclaimed crypto assets held for over three years into the fund, making it the first state-level Bitcoin reserve program in the United States and boosting market sentiment.

Additionally, the Texas House committee passed a Republican-backed Bitcoin reserve bill with a vote of 9:4, pending the Governor's signature, showing increased local support for cryptocurrencies in the United States. In the market, the demand for USDC stablecoins continues to grow, with Stripe launching stablecoin financial accounts on May 7, allowing users in 101 countries to use USDC and USDB, promoting the application of stablecoins. At the same time, Visa partnered with Baanx to launch a stablecoin payment card, enabling users to spend USDC directly from their wallets, illustrating the acceleration of the integration between traditional finance and cryptocurrencies.

Overall, BTC breaking through $99,000 reflects market confidence, with favorable policies and the expansion of stablecoin applications further injecting vitality into the crypto market, making future market trends worth monitoring.