#BTCBackto100K
The price of BTC reached USD 101,700
The impact of positive legislative and regulatory advances related to Bitcoin is finally reflected in the price of the cryptocurrency, as it has once again surpassed USD 101,000.
🔰Key points:
Bitcoin rises to USD 101,707 in a context of solid fundamentals in the regulatory and traditional financial sphere.
Traders are confident that USD 100,000 will hold as support.
The price of Bitcoin (BTC) exceeded USD 100,000 following the announcement by US President Donald Trump of a "trade agreement" with the United Kingdom, which could include the removal of the general 10% tariff on all imports.
The frequent social media posts by President Trump and public comments from members of the White House cabinet have hinted at several trade agreements being negotiated with various countries, and the markets have responded positively to these messages. In addition to the trade agreement with the UK, the US is scheduled to meet with Chinese officials in Switzerland on May 10.
The Dow gained 500 points following the White House announcement, while the S&P 500 rose by 1.47%, and Bitcoin is trading close to USD 101,600 at the time of writing this text.
In a post on Truth Social, Trump wrote:
"Many other agreements, which are in serious negotiation stages, will follow!"
The significance of Bitcoin's return to a six-figure territory after trading below this level since February has not gone unnoticed by investors:
In a post on X, popular independent market analyst Macroscope said he is "watching closely now" and emphasized the importance of BTC "maintaining" the USD 100,000 level as support, rather than a brief jump above the psychological resistance level.
