Bitcoin Reclaims $100K for First Time Since January

Bitcoin has surged past the $100K mark for the first time since January, signaling renewed bullish sentiment among investors amid a backdrop of favorable macroeconomic developments.

According to data from CoinGecko, Bitcoin reclaimed the $100,000 price level  on May 8, marking a 4.2% gain from its intraday low of $95,967.

This latest rally mirrors its previous rise in December 2024, when BTC first broke past six figures following Donald Trump’s re-election victory.

The asset had soared to an all-time high of $109,000 before a series of global economic shocks including Trump’s tariff escalations and a deepening trade war halted its upward momentum.

The resurgence appears to be fueled by growing investor confidence, boosted by the announcement of a landmark US-UK trade agreement and progressive crypto legislation in the U.S. state of Arizona.

Trump’s Trade Pact, Crypto Law Seen as Catalysts

On May 8, it was confirmed that U.S. President Donald Trump and UK Prime Minister Keir Starmer had signed a “breakthrough deal” on trade.

The agreement significantly reduces trade friction: the U.S. agreed to a 10% tariff on UK imports, while Britain cut its tariffs to 1.8% from 5.1%.

Trump positioned the deal as a model for other negotiations, stating, “Britain made a good deal,” while warning that other partners with larger U.S. trade surpluses may face steeper tariffs.

Analysts believe the trade deal could improve investor sentiment by alleviating fears of a prolonged global trade war. “It opens up a tremendous market for us,” Trump noted during the press conference.

“Bitcoin Superpower” Vision

On March 20 2025 President Donald Trump publicly addressed the crypto industry, laying out a bold vision for the United States to become the “undisputed Bitcoin superpower and crypto capital of the world.”

Speaking at the Digital Asset Summit on March 20  Trump emphasized that stablecoins were not just another trend, but a vital tool to reinforce the global dominance of the U.S. dollar.

He urged lawmakers and regulators to deliver a clear legal framework that would allow the sector to flourish.

“With the right legal framework, institutions large and small will be liberated to invest, innovate, and take part in one of the most exciting technological revolutions in modern history,” he said.

Trump’s remarks came as U.S. regulators continued to debate how best to oversee digital assets. His pro-crypto stance sent a strong message to both lawmakers and financial institutions that regulatory clarity was not just needed, it was urgent.

Closing the event, Trump made a direct appeal for action saying, “you will unleash an explosion of economic growth, and with dollar-backed stablecoins, you will help expand the dominance of the U.S. dollar.”

He concluded with a firm message: “In many, many years to come, it will be at the top, and that’s where we want to keep it.”