$BTC 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