🚀 Bitcoin Soars to $104K: Ohio’s Tax Break & Kraken Staking Fuel Bull Run

Bitcoin just smashed through another psychological barrier—$104,000—as regulatory tailwinds and exchange innovations collide. Ohio’s new crypto tax break and Kraken’s staking rollout are pouring gasoline on the rally. Here’s why traders are scrambling.

The Ohio Effect: Politicians Finally Get Crypto (Sort Of)

Ohio’s tax exemption for crypto transactions went live this morning, instantly making the state a magnet for hodlers. Legislators called it ‘pro-growth’—critics whispered ‘desperate revenue grab’ as traditional markets flatline.

Kraken Plays the Staking Card

The exchange’s new staking service lets users earn yield on BTC—a move that’s equal parts genius and ironic, given the SEC’s ongoing war against ‘unregistered securities.’ Expect fireworks.

The Bottom Line

With institutional FOMO building and Wall Street still trying to explain Bitcoin to their golf buddies, this rally has legs. Just don’t tell the Fed—they’re too busy ‘monitoring the situation’ from their 1995 playbook.

Ohio Passes $200 Bitcoin Tax Break, Eyes Senate Vote

The Ohio House of Representatives has just passed the Blockchain Basics Act (68–26), providing new protections for crypto users and miners.

• $200 tax exemption on capital gains for crypto transactions
• Ban on interference with self-custody wallets
• Mining protection from discriminatory zoning laws

If passed by the Senate, Ohio WOULD lead U.S. states in progressive crypto regulation. This clarity is bullish; it reduces friction for adoption and provides a model for others to follow.

Ohio's HB 116 advances with unanimous 13-0 vote in the House Tech Committee.

It protects self-custody, mining, and introduces a first-in-the-nation #Bitcoin tax exemption on purchases under $200. pic.twitter.com/d7C1D4NcO1

Miners, developers, and retail traders are likely to benefit from the more favorable legal landscape, which could drive Bitcoin demand over time.

Kraken Launches Native Bitcoin Staking via Babylon

In a notable move for BTCFi (a Bitcoin-based DeFi platform), Kraken has partnered with Babylon Labs to offer native bitcoin staking, with no wrapping, bridging, or lending required.

AND. WE’RE. LIVE

It's time to join the Bitcoin Staking Revolution

Babylon Testnet, the first ever Trustless Native Bitcoin Staking protocol, is now officially live!

Get involved, stake Signet #BTC and claim your free Pioneer Pass now.https://t.co/kdBgiu12Fq

pic.twitter.com/l0eZTmZzev

Using Babylon’s protocol, users can stake BTC and earn BABY tokens while their funds are secured on the Bitcoin network itself.

This has several bullish implications:

• Reduces the circulating BTC supply, providing long-term price support
• Shows BTC utility beyond store of value
• Institutional BTCFi participation grows the ecosystem liquidity

As more Bitcoin is locked for staking and institutions explore yield strategies, BTC’s role in decentralized finance is maturing rapidly.

Bitcoin Technical Setup: Triangle Apex Nears $105K

On the 2-hour chart, BTC is coiling within a classic ascending triangle, forming higher lows with horizontal resistance NEAR $105,000. The 50-EMA at $105,252 acts as a dynamic ceiling.

Momentum indicators suggest a breakout may be imminent.

• Entry: Break above $105,500 with a strong candle
• Targets: $107,200, then $108,351
• Stop-loss: Below trendline at $103,400
• MACD: Flat, awaiting confirmation
• Candlesticks: Multiple doji and spinning tops near resistance

Bottom Line:

BTC is consolidating at a critical resistance zone, while real-world catalysts, like regulatory clarity and staking innovation, boost confidence. A breakout above $105,500 could trigger a fresh leg higher in Bitcoin’s 2025 bull run.

BTC Bull Token Nears $8.2M Cap as 58% APY Staking Attracts Last-Minute Buyers

With BTC trading near $105K, investor focus is shifting toward altcoins, especially BTC Bull Token ($BTCBULL). The project has now raised $7,249,360 out of its $8,290,897 cap, leaving less than $1 million before the next token price hike. The current price of $0.00257 is expected to increase once the cap is hit.

BTC Bull Token links its value directly to Bitcoin through two Core mechanisms:

• BTC Airdrops reward holders, with presale participants receiving priority.
• Supply Burns occur automatically every time BTC increases by $50,000, reducing $BTCBULL’s circulating supply.

The token also features a 58% APY staking pool holding over 1.81 billion tokens, offering:

• No lockups or fees
• Full liquidity
• Stable passive yields, even in volatile markets

This staking model appeals to both DeFi veterans and newcomers seeking hands-off income.

With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates.