US-UK closes its trade deal, Bitcoin violates $100,000, and Arizona approves crypto reserve law

Bitcoin has made a dramatic return to six-figure territory, regaining its $10,000 milestone for the primary time since January 2025. On Might 8, 2025, BTC skyrocketed 4.2% from its intraday low of $95,967. As optimism returns to the crypto panorama, Bitcoin’s latest push to $100,000 may very well be praised for bullish macroeconomic indicators, together with the landmark US-UK commerce settlement introduced by US President Donald Trump. Importantly, the US state Arizona has authorized the state-controlled Bitcoin Fund’s groundbreaking cryptographic preparation regulation.

Arizona formally enacted Home Invoice 2749 on Thursday, Might 8, 2025. Arizona is at the moment dedicated to constructing a Bitcoin Reserve, however Texas is predicted to observe intently.

The person has not acquired something candy. Only a few days in the past, whining, criticising like a small bitch, and some days later, there’s one clear choice by the NH, and a reversal from the Arizona authorities.

Is Texas coming in? https://t.co/o4xopwydav

– Gary Card (@garycardone) Might 8, 2025

Moreover, regardless of stress to chop, the Federal Reserve has stabilized rates of interest. This has given Bitcoin a big enhance. The Fed didn’t minimize rates of interest, however economists are hoping to see a drop in charges in June 2025. In the meantime, Trump urged Jerome Powell and the FOMC to decrease the charges, citing diminished cooling inflation and the necessity for prime borrowing prices.

Specifically, Bitcoin first violated its $10,000 mark in December final 12 months. Trump’s victory. The BTC went all the best way to $109,000 earlier than the trajectory was interrupted by elements corresponding to Trump’s tariffs and the World Commerce Struggle.

Past quick occasions, the emergence of US and world crypto rules and strategic Bitcoin Reserve initiatives is seen as in favour of long-term progress. Is it $110,000 subsequent to BTC?

“$btc won’t ever attain $100k once more” – Man of 2022
In the meantime, 2025: 🤑

When do you suppose Bitcoin will beat $100,000 once more?
guess + drop inference
Let’s examine who has the alpha#BTC #crypto #ENDLESS #meme pic.twitter.com/7statfavfk

– Limitless (@endlessprotocol) Might 8, 2025

However whereas Bitcoin enjoys new domination, the broader altcoin market is struggling to take care of its tempo.

Uncover: Prime 20 Cryptography to Purchase in Might 2025

Trump’s commerce settlement with the UK: a serious catalyst for Bitcoin?

Might 8, 2025, Reuters Report President Trump and British Prime Minister Kiel Starmer have confirmed the US-UK commerce settlement, which has introduced a “groundbreaking commerce” on commerce.

Reducing the notorious Trump tariffs, the commerce deal features a 10% tariff on items imported from the UK, however the UK agreed to chop that tariff from 5.1% to 1.8%, rising entry to US items.

“It opens an unbelievable marketplace for us,” Trump mentioned. In the meantime, feedback on commerce contract priorities mentioned, “It is a really fantastic, historic day.”