bitcoin News Today: Bitcoin Price Surges Past $101K as U.S. Legalizes Strategic BTC Reserves and Global Adoption Rises
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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:
“Many other deals, which are in serious stages of negotiation, to follow!”
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.-China talks scheduled for May 10 in Switzerland.
Strategic Bitcoin Reserves Now Legal in U.S. States
In a landmark move, two U.S. states passed bills allowing the formation of state-level Bitcoin reserves:
Missouri’s Bill 594, passed May 8, eliminates capital gains taxes on BTC.
Another state followed suit, indicating a growing trend of Bitcoin integration into public finance.
This shift comes amid increasing recognition of Bitcoin’s value as a strategic financial asset and inflation hedge.
Regulatory Green Light: Banks & Crypto Trading
In parallel with state legislation, the Office of the Comptroller of the Currency (OCC) announced that U.S. banks can now:
Trade crypto on behalf of customers
Outsource crypto custody to licensed third parties
Bitcoin can be sent over any communication channel , including ham radio. Grid down is no problemThis completely misses the point. There are numerous reasons a grid may fail, that go beyond excess power capacity, and once a grid fails bitcoin is worthless.
Only those with cash and gold will have any buying power. If the grid goes out for years, then the bitcoin will fall to zero.
Bitcoin is linked to an inherently fragile system and is one of many reasons it is an extreme risk asset. Never invest more than you can afford to lose.
A guy at a recent Bitcoin meetup I attended was demonstrating this Meshtastic hardware.Bitcoin can be sent over any communication channel , including ham radio. Grid down is no problem
If the grid of a few countries goes down the bitcoin network will still be fine. Just get out of the country and go to a country with a functioning grid and you can use your Bitcoin just fine. Aside from that as Chance pointed out there are backups for using bitcoin if the grid is down. And if you are expecting the whole world to have no electricity and us plunging into a new dark ages then it will become a mad max scenario and you will need guns and ammo and food, etc. Physical gold may have some utility but cash would be worthless under that scenario as society would have already collapsed.If the grid goes out for years, then the bitcoin will fall to zero.
And if you are expecting the whole world to have no electricity and us plunging into a new dark ages then it will become a mad max scenario and you will need guns and ammo and food, etc. Physical gold may have some utility but cash would be worthless under that scenario as society would have already collapsed.
Yeah but people today are very weak and soft and have little real world skills. You cannot compare people today to people 200 years ago. besides people are far less civilized now. You see in some cities in America when there are blackouts for a few hours at night people go on an absolute crime rampage.Civilization existed for thousands of years without power, it wasn't mad max.
Yeah but people today are very weak and soft and have little real world skills. You cannot compare people today to people 200 years ago. besides people are far less civilized now. You see in some cities in America when there are blackouts for a few hours at night people go on an absolute crime rampage.
Almost more often than not, the common negative opinions about the USA from Europe and the rest of the Anglosphere involve blaming white people for Black people's behavior. For example, you could probably sum up the whole gun control movement as "Black people commit a lot of crime with firearms, therefore we must take away white people's right to own firearms."Pretty much just Blacks, and only certain segments of them.
It was relatively stable like that and people were used to it. Not a sudden change with major dysgenics hooked on welfare.Civilization existed for thousands of years without power, it wasn't mad max.
Yup.You cannot compare people today to people 200 years ago. besides people are far less civilized now. You see in some cities in America when there are blackouts for a few hours at night people go on an absolute crime rampage.
I believe in gun rights but at the same time I would still prefer to live in a place where I never need to worry about carrying a gun. Having a gun at home is one thing but if you live in a place where you feel the need to carry your gun with you whenever you leave the house you may want to reconsider where you live....Almost more often than not, the common negative opinions about the USA from Europe and the rest of the Anglosphere involve blaming white people for Black people's behavior. For example, you could probably sum up the whole gun control movement as "Black people commit a lot of crime with firearms, therefore we must take away white people's right to own firearms."
You don’t need to wear a seatbelt 99.99% of the time, until you do. I can’t think of a place where you don’t need a gun.I believe in gun rights but at the same time I would still prefer to live in a place where I never need to worry about carrying a gun. Having a gun at home is one thing but if you live in a place where you feel the need to carry your gun with you whenever you leave the house you may want to reconsider where you live....
Yes but look at the statistics. In the USA your chances of dying from homicide and car accidents are about the same. In somewhere like Romania, you are 10 times more likely to die from a car accident.You don’t need to wear a seatbelt 99.99% of the time, until you do. I can’t think of a place where you don’t need a gun.
Even in the most secure, “safe” places, sometimes you need a gun. United 93, and American 11 come to mind.
Very true that car accident is more likely. Carrying a gun is definitely not for everyone. Violent crime is only one reason though...what about other wildlife, dogs, etc? There are probably many more dog attacks than violent crime. Not to mention other wildlife depending on where you live.Yes but look at the statistics. In the USA your chances of dying from homicide and car accidents are about the same. In somewhere like Romania, you are 10 times more likely to die from a car accident.
But this is not true of the entire USA uniformly. In the neighborhood I live in, violent crime is almost unknown. I don't carry a gun because the chance I'll actually need it is minimal. Now if I spent a lot of time down in the city, I definitely would reconsider. But eating healthy and exercising are going to add significantly more hours to my life expectancy than carrying a gun, which also has the risk of an accidental discharge to factor in. I would also benefit more from buying a big, sturdy SUV.
You beat me to it, firearms are simply tools. What type of tool you use largely will depend upon a given situation. More tools you have, the more useful a person you will be in general.Very true that car accident is more likely. Carrying a gun is definitely not for everyone. Violent crime is only one reason though...what about other wildlife, dogs, etc? There are probably many more dog attacks than violent crime. Not to mention other wildlife depending on where you live.
Bitcoin can be sent over any communication channel , including ham radio. Grid down is no problem...
A guy at a recent Bitcoin meetup I attended was demonstrating this Meshtastic hardware.