FameEX Hot Topics | Bitcoin Breaks $100K as U.S. Strategic Reserve Bills Become Law and Adoption Surges

Bitcoin surged past the $100,000 mark following U.S. President Donald Trump's announcement of a new trade deal with the United Kingdom. The agreement may involve the removal of a blanket 10% tariff on UK imports, signaling a potential shift in U.S. trade policy. The news sent markets soaring, with the Dow climbing 500 points and the S\&P 500 advancing 1.47%. This trade breakthrough marks Trump's first major international agreement since implementing protectionist measures and has triggered optimism about future deals in the pipeline.

Trump and White House officials have frequently hinted at other trade negotiations, fueling investor enthusiasm. The administration confirmed that talks with Chinese officials are scheduled in Switzerland on May 10, further amplifying bullish sentiment. On Truth Social, Trump declared that “many other deals” were in advanced stages, underscoring his administration’s renewed focus on global commerce. Investors quickly turned their attention to the cryptocurrency market, where Bitcoin's return to six figures reignited market momentum and chatter.

Market analyst Macroscope highlighted the significance of Bitcoin reclaiming $100,000, emphasizing the need for the level to act as support rather than a short-lived breakout. The rally was partly fueled by approximately \$241 million in futures liquidations, but many observers note that broader macro and regulatory developments are helping to strengthen Bitcoin’s long-term case. Unlike previous surges, today’s rally occurs amid increasing institutional interest and improving policy clarity.

Two U.S. states have recently passed legislation allowing them to create strategic Bitcoin reserves, demonstrating growing official endorsement of the digital asset. Missouri lawmakers advanced Bill 594 to the governor’s desk, which proposes eliminating capital gains taxes on Bitcoin transactions. These moves reflect a broader shift in state-level policy toward embracing crypto as part of financial infrastructure and economic strategy.

At the federal level, crypto regulation is also evolving. On May 7, the Office of the Comptroller of the Currency (OCC) stated that banks can engage in crypto trading and custodial services through third parties. The FDIC, too, recently approved banks’ ability to hold crypto assets. Meanwhile, inflows to spot Bitcoin ETFs are accelerating, supported by rising corporate treasury allocations—cementing Bitcoin’s growing role in both financial markets and public policy.

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