As of May 9, 2025, Bitcoin (BTC) is trading at approximately $103,109 USD, marking a 6.26% increase over the past 24 hours.

This surge has propelled Bitcoin above the $100,000 threshold for the first time since January, reaching as high as $101,000.

Several factors are contributing to this bullish momentum:

Trade Optimism: Renewed investor confidence following news of a new trade agreement between the U.S. and U.K., along with encouraging remarks from President Donald Trump about ongoing trade negotiations, including upcoming talks with China.

Institutional Activity: Coinbase announced a $2.9 billion acquisition of Deribit, the world's leading crypto options platform, aiming to expand its derivatives footprint.

Legislative Developments: Arizona signed a bill allowing the state to retain unclaimed digital assets, which will be deposited into a new reserve fund. This move follows New Hampshire’s passage of a strategic bitcoin reserve bill, capping holdings at 5% of state funds.

In Pakistan, there are reports that the country plans to allocate part of its surplus electricity to Bitcoin mining, reflecting a growing interest in integrating cryptocurrencies into national strategies.

Overall, the convergence of favorable trade developments, institutional investments, and supportive legislative actions is fueling Bitcoin's upward trajectory.

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