#BTCtrade Bitcoin News Today: Bitcoin Price Surges Past $101K as U.S. Legalizes Strategic BTC Reserves and Global Adoption Rises

Binance News

May 9

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AI Summary

Bitcoin breaks $101,700 as bullish regulation, ETF inflows, and trade deals fuel fresh momentum

Bitcoin (BTC) has reclaimed six-figure territory, hitting $101,707 on May 8, 2025, marking a major milestone driven by accelerating global adoption and a series of bullish U.S. policy shifts. The top cryptocurrency has rallied over 4.5% in the past 24 hours, breaking past the key psychological level of $100,000, with traders now eyeing it as a potential new support zone.

Key Highlights:

BTC price hits $101,707, boosted by U.S. crypto policy and trade optimism

Legislation passed in two U.S. states to allow Bitcoin strategic reserves

Bitcoin ETFs and institutional inflows continue to climb

U.S. banks approved to trade and custody crypto assets

Positive momentum follows Trump’s trade deal announcement with the UK

Trump’s Trade Deal and Market Surge

Bitcoin’s latest rally aligns with a new trade agreement announcement by U.S. President Donald Trump involving the United Kingdom, possibly removing the 10% blanket tariff on imports. Trump’s Truth Social post hinted at multiple upcoming deals:$BTC

The traditional financial markets responded immediately:

Dow Jones: +500 points

S&P 500: +1.47%

BTC/USD: Trades near $101,600

Markets are now awaiting the outcome of U.S.