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#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.

#TrumpTariffs Donald Trump Tariff Live Updates: China, US trade deal kicks in, slashing most tariffs
#TrumpTariffs

The new US-China trade truce has eased some of the pressure on global markets, but its impact on companies like Boeing highlights how disruptive the standoff became. After months of tariff escalation, both sides agreed to roll back duties - the US slashing rates on Chinese goods from 145 per cent to 30 per cent, and China reducing its tariffs on US goods from 125 per cent to 10 per cent. The Geneva deal, struck after intense negotiations, was a strategic retreat for Washington and a validation of Beijing’s patient resistance.

One of the most affected American firms was Boeing. In April, the company delivered 45 commercial planes, a slight increase from the prior month. But only two of those aircraft were sent to Chinese customers - a sharp drop for one of Boeing’s most important international markets. Deliveries had been effectively frozen due to escalating trade tensions and public criticism of China from President Trump. Boeing CEO Kelly Ortberg acknowledged the halt last month, as China pushed back sharply in response to US rhetoric.

Though China has now begun lifting its delivery ban following the truce, sources indicate that the timeline for renewed shipments remains uncertain.

Despite the freeze, Boeing managed to announce a new international order: 20 737 MAX 8 jets from Saudi leasing firm AviLease, with options for 10 more. The order was timed with President Trump’s state visit to Saudi Arabia, a reminder that Boeing continues to build ties elsewhere.

While the truce marks a cooling of hostilities, deep-rooted tensions remain. The Boeing-China situation illustrates that even high-level agreements don’t immediately repair the practical business damage caused by prolonged geopolitical friction.

Donald Trump Tariff Live Updates: China, US trade deal kicks in, slashing most tariffs#TrumpTariffs
$BTC
The new US-China trade truce has eased some of the pressure on global markets, but its impact on companies like Boeing highlights how disruptive the standoff became. After months of tariff escalation, both sides agreed to roll back duties - the US slashing rates on Chinese goods from 145 per cent to 30 per cent, and China reducing its tariffs on US goods from 125 per cent to 10 per cent. The Geneva deal, struck after intense negotiations, was a strategic retreat for Washington and a validation of Beijing’s patient resistance.

One of the most affected American firms was Boeing. In April, the company delivered 45 commercial planes, a slight increase from the prior month. But only two of those aircraft were sent to Chinese customers - a sharp drop for one of Boeing’s most important international markets. Deliveries had been effectively frozen due to escalating trade tensions and public criticism of China from President Trump. Boeing CEO Kelly Ortberg acknowledged the halt last month, as China pushed back sharply in response to US rhetoric.

Though China has now begun lifting its delivery ban following the truce, sources indicate that the timeline for renewed shipments remains uncertain.

Despite the freeze, Boeing managed to announce a new international order: 20 737 MAX 8 jets from Saudi leasing firm AviLease, with options for 10 more. The order was timed with President Trump’s state visit to Saudi Arabia, a reminder that Boeing continues to build ties elsewhere.

While the truce marks a cooling of hostilities, deep-rooted tensions remain. The Boeing-China situation illustrates that even high-level agreements don’t immediately repair the practical business damage caused by prolonged geopolitical friction.#TrumpTariffs $ETH

As of May 14, 2025, Bitcoin (BTC) is trading at approximately $104,611, reflecting a 2.88% increase from the previous close. The day's trading range has spanned from $101,671 to $104,611. $BTC

Market Dynamics:

Profit-Taking and Inflation Concerns: Bitcoin experienced a dip below $102,400 on May 13 due to profit-taking ahead of the U.S. inflation data release. Investors are cautious, anticipating how inflation figures might influence future monetary policies.

Institutional Activity: On May 9, Coinbase witnessed a significant outflow of 9,739 BTC, valued over $1 billion, indicating growing institutional interest in Bitcoin. $BTC

Market Capitalization Milestone: Bitcoin's market cap recently surpassed $2 trillion, attracting a surge of new buyers. However, seasoned investors are showing caution, suggesting potential price consolidation.

Regulatory and Institutional Developments:

UK's Regulated Crypto Derivatives Platform: London has launched GFO-X, the first regulated and centrally cleared digital asset derivatives trading platform, offering Bitcoin index futures and options. This move signifies increasing institutional adoption and regulatory clarity in the UK.

Arizona's Cryptocurrency Reserve Fund: Arizona has established the Bitcoin and Digital Assets Reserve Fund, becoming the second U.S. state to create such a reserve, reflecting a growing trend of integrating digital assets into state financial strategies.

Expert Predictions:

Tim Draper's Forecast: Venture capitalist Tim Draper predicts Bitcoin will reach $250,000 by the end of 2025 and potentially replace the U.S. dollar's dominance within a decade.

PlanB's Analysis: Analyst PlanB suggests that Bitcoin is undergoing a V-shaped recovery, indicating a continuation of the bull market.

In summary, Bitcoin's recent performance reflects a mix of profit-taking, institutional interest, and regulatory developments. While short-term volatility persists, long-term indicators and expert analyses suggest continued growth and adoption. $BTC

#CryptoRoundTableRemarks
At the May 12 Crypto Task Force roundtable, SEC Chairman Paul Atkins outlined a major shift in how the U.S. will regulate crypto—moving away from enforcement-first action and toward a clear, rational rules-based framework. 💬 What are your thoughts on the SEC’s new approach? Is this the regulatory clarity the industry’s been waiting for?

#CryptoCPIWatch Disappointing U.S. CPI Data Sends Bitcoin Tumbling Below $95KWhat to know:
U.S. CPI came in faster than expected at 0.5% in January. The year-over-year rate was 3% versus an anticipated 2.9%.
The core CPI at 0.4% monthly and 3.3% year-over-year also disappointed those hoping for a cooling inflation rate.
Bitcoin moved sharply lower in the minutes following the Wednesday morning reportU.S. inflation unexpectedly marched higher in January, sending crypto and traditional markets sharply lower.

The closely-watched Consumer Price Index (CPI) rose 0.5% in January versus an expected 0.3% and December's 0.4% pace. On a year-over-year basis, CPI was higher by 3.0% against forecasts for 2.9% and 2.9% in DecemberU.S. inflation unexpectedly marched higher in January, sending crypto and traditional markets sharply lower.

U.S. stock index futures fell about 1% on the news and the 10-year Treasury yield jumped 10 basis points to 4.63%. Gold dipped more than 1% and the dollar index rose 0.5%.

After bursting through $100,000 shortly following the election victory of Donald Trump in November, bitcoin has traded rangebound between $90,000 and $109,000 over what's now been more than two months. Artificial intelligence (AI)-driven China concerns, the threat of trade wars, and higher than hoped interest rates due to continued strength in the economy and inflation have all been among the factors tempering prices.

Testifying before Congress yesterday, Federal Reserve Chairman Jay Powell reiterated that additional central bank rate cuts are likely to be off the table for the foreseeable future, barring unexpected downturns in either the economy or inflation.

Today's inflation data could potentially set the stage for markets to begin pricing in rate hikes in 2025 and a retest of the $90,000 area for bitcoin

#NewsTrade
The U.S. Consumer Price Index (CPI) YoY rate is set to be released tomorrow at 12:30 PM UTC, with expectations hovering around 4.2%.

This report could significantly impact market sentiment and trigger substantial volatility.

Traders, beware: check positions, expect markets to move quickly and aggressively, and carefully monitor risk.