Bitcoin Eyes $100,000 Milestone Amid Renewed Trade Talk Optimism
Bitcoin surged 2.2% to $96,446 early Wednesday as optimism around U.S.-China trade talks fueled a rally, bringing the cryptocurrency closer to the psychologically significant $100,000 threshold. Despite lingering uncertainties, global risk appetite improved, though President Trump tempered expectations of an imminent deal. Traders are now closely watching Bitcoin's movement within its recent $90,000–$97,000 range, with $100,000 emerging as the next key target. This development underscores Bitcoin's growing role as a barometer for global market sentiment and its resilience amid geopolitical tensions.
Bitcoin Nears $100,000 as Trade Talks Fuel Rally
Bitcoin surged 2.2% to $96,446 early Wednesday, buoyed by renewed Optimism as the U.S. and China prepared for high-level trade talks in Switzerland. The cryptocurrency remains within last week's $90,000–$97,000 range, but traders now eye $100,000 as the next key psychological threshold.
Global risk appetite improved despite lingering uncertainties around the trade war. President Trump dampened expectations of an imminent deal, noting ongoing tariff escalations exceeding 100%. While Bitcoin lacks direct ties to trade negotiations, its speculative nature keeps prices acutely sensitive to macroeconomic sentiment shifts.
Metaplanet Expands Bitcoin Holdings with $53M Purchase, Plans Further Acquisitions
Japanese investment firm Metaplanet has intensified its bitcoin accumulation strategy, purchasing an additional 555 BTC for approximately $53.4 million. The acquisition, executed at an average price of $96,134 per Bitcoin, elevates the company's total holdings to 5,555 BTC—valued at roughly $481.5 million.
CEO Simon Gerovich marked the milestone with a celebratory post on X, leveraging the Japanese pronunciation of "5" ("Go") to proclaim the firm's bullish stance: "Go go go go — to the moon and beyond!" The company has also issued $25 million in bonds to fund further Bitcoin purchases, signaling unwavering confidence in the asset's long-term value proposition.
Bitcoin Dominance Surges to 65%, Signaling Growing Investor Confidence
Bitcoin's dominance index has climbed to 65.09%, a notable milestone in the current crypto market cycle. This marks a sharp increase from below 48%, underscoring a clear capital rotation into BTC at the expense of altcoins.
The metric reflects Bitcoin's market capitalization as a percentage of the total crypto market. Rising dominance typically signals investor preference for the original cryptocurrency during periods of uncertainty. Market participants often view such shifts as precursors to either bull runs or consolidation phases.
Trading volume exceeding $23 billion demonstrates sustained institutional interest. The MOVE reinforces Bitcoin's position as the benchmark digital asset, with its perceived stability attracting capital away from higher-risk alternatives.
New Hampshire Becomes First US State to Enact Bitcoin Reserve Bill
New Hampshire has made history as the first U.S. state to authorize its treasury to invest in cryptocurrency assets. Governor Kelly Ayotte signed House Bill 302 into law on May 6, marking a pivotal moment for institutional crypto adoption.
The legislation, effective in 60 days, permits the state treasury to allocate funds to Bitcoin and precious metals. "New Hampshire is once again first in the Nation," Ayotte declared on social media, underscoring the state's progressive stance on digital assets.
Bitcoin's price reacted positively to the news, climbing from $94,000 to an intraday high of $97,500. While broader market factors including U.S.-China tariff developments contributed to the movement, the legislative breakthrough provided additional bullish momentum.
Bitcoin Miners Resume Expansion Following Difficulty Adjustment
Bitcoin's mining landscape shows renewed activity as network difficulty eases. The May 3rd adjustment marked the first reduction after four consecutive increases, providing relief to miners struggling with compressed margins.
Hashrate trajectories suggest miners are reactivating equipment. The self-correcting difficulty algorithm—Satoshi Nakamoto's elegant solution to maintain consistent 10-minute block times—continues to demonstrate Bitcoin's antifragility amid fluctuating participation.
Trump's Pending Mega-Announcement Sparks Bitcoin Rally Speculation
Bitcoin surged alongside traditional markets following cryptic hints from former President Donald TRUMP about a major announcement expected before Monday. The S&P 500 climbed 1% on initial leaks, with BTC mirroring the upward trajectory. Market observers speculate the revelation could involve a China trade deal or geopolitical breakthrough regarding Ukraine/Russia.
Concurrently, unconfirmed reports suggest US Treasury Secretary Scott Bess may be involved in undisclosed developments. The dual catalysts have injected volatility into crypto markets, with traders positioning for potential macro-driven momentum.
