BTC Surpasses $100K As US-UK Finalize Trade Agreement And Arizona Passes Crypto Reserve Legislation

Bitcoin has remarkably returned to six-figure levels, marking its $100k milestone for the first time since January 2025. On 8 May 2025, Bitcoin experienced a 4.2% increase from an intraday low of $95,967. As positivity returns to the cryptocurrency market, Bitcoin’s recent climbs towards $100k can be attributed to favorable macroeconomic indicators, including a significant US-UK trade agreement introduced by US President Donald Trump. Notably, Arizona has embraced a pioneering crypto reserve law for a state-managed BTC fund.

Arizona officially passed House Bill 2749 on Thursday, 8 May 2025. As Arizona commits to establishing a Bitcoin reserve, Texas is anticipated to follow suit closely.

Man isn’t winning sweet—-so many naysayers, just days ago, whining, criticizing like little bitches and days later, we have one clean decision by NH, then reversal from Arizona Gov, next is Texas who hasn’t done anything Big since Big Oil and Gas!

Is Texas coming into the… https://t.co/O4xoPwydAv

— Gary Cardone (@GaryCardone) May 8, 2025

Additionally, despite pressure for reductions, the Federal Reserve maintained steady interest rates, providing a significant uplift to BTC, which has demonstrated resilience in recent weeks. While the Fed kept rates unchanged, analysts predict a potential decrease in June 2025. In the meantime, Trump encouraged Jerome Powell and the FOMC to lower rates, referencing eased inflation and the diminished requirement for elevated borrowing expenses.

Importantly, Bitcoin first surpassed the $100k benchmark in December of the previous year, coinciding with Trump’s electoral success. Bitcoin peaked at $109k before its ascent was hindered by several factors, including Trump’s tariffs and the global trade conflict. 

Apart from immediate developments, continuous advancements in US and global crypto asset regulations and the rise of strategic BTC reserve initiatives are viewed as beneficial for long-term expansion. Could $110k be the next target for Bitcoin?

“$BTC will NEVER hit $100K again” — some guy in 2022
Meanwhile in 2025:

When do YOU think Bitcoin breaks $100K again?
Drop your guess + reasoning
Let’s see who’s got the alpha#BTC #Crypto #Endless #meme pic.twitter.com/7sTATFaVfK

— Endless (@EndlessProtocol) May 8, 2025

Nevertheless, while Bitcoin enjoys a regained supremacy, the overall alternative coin crypto market has faced difficulties in keeping pace.

DISCOVER: Top 20 Crypto to Buy in May 2025

Trump’s Trade Agreement with UK: Significant Driver for Bitcoin?

On 8 May 2025, a report from Reuters confirmed the US-UK trade agreement, where Trump and British Prime Minister Keir Starmer announced a “breakthrough deal” focused on trade.

By reducing the notorious Trump tariffs, the trade deal includes a 10% tariff on goods imported from the UK, while Britain has agreed to decrease its tariffs from 5.1% to 1.8% and enhance access to US goods.

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