FameEX Hot Topics | BTC Tops $100K on U.S. Reserve Legislation and Accelerating Mass Adoption

Bitcoin surged past the $100,000 milestone following U.S. President Donald Trump’s announcement of a trade agreement with the United Kingdom, which could eliminate a 10% tariff on UK imports. The news boosted investor confidence and triggered a strong rally in traditional markets, with the Dow Jones Industrial Average gaining 500 points and the S\&P 500 climbing 1.47%. This marks Trump's first major trade accord since enacting sweeping tariffs and suggests a potential easing of his protectionist stance.

Investor sentiment was further lifted by ongoing signals from the Trump administration regarding additional international trade negotiations. Talks with Chinese officials are set to take place in Switzerland on May 10. Trump hinted on Truth Social that multiple deals are in “serious stages of negotiation,” highlighting his administration's renewed focus on global trade. The announcement had an immediate impact on the crypto market, as Bitcoin surged back above six figures, reigniting bullish momentum among traders.

Independent analyst Macroscope emphasized the psychological importance of Bitcoin holding above $100,000, noting the rally was partially driven by roughly \$241 million in futures liquidations. However, the price surge is being viewed as more sustainable this time, as it coincides with broader macroeconomic and regulatory tailwinds. Institutional interest continues to rise, supported by a wave of positive policy developments favoring crypto adoption.

On the state level, Bitcoin is gaining traction as a strategic asset. Two U.S. states have passed bills allowing the creation of official Bitcoin reserves. Missouri, for example, recently advanced Bill 594 to the governor’s desk, which seeks to eliminate capital gains taxes on Bitcoin. These actions underscore a growing trend of state-level support for integrating Bitcoin into long-term fiscal strategies.

Federal agencies are also opening the door to greater crypto involvement. The Office of the Comptroller of the Currency confirmed that banks can responsibly trade and outsource crypto services. Similarly, the FDIC has issued guidance permitting banks to hold crypto assets. These moves, alongside rising inflows into U.S. spot Bitcoin ETFs and increasing corporate treasury allocations, are solidifying Bitcoin’s place in both the financial system and regulatory agenda.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.