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Bitcoin Surges Past $101K with Eyes on $110K Bullish Breakout

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  • Bitcoin has climbed above $101,000 with a 4.5% daily gain, continuing its steady rebound from below $80,000.
  • The price is moving within an ascending channel, supported by higher lows and consistent buying interest.
  • Strong volume and structure suggest bullish momentum as Bitcoin approaches the key $110,000 resistance level.
  • A breakout above $110,000 could signal further upside, while a drop below the channel may test lower supports.

Bitcoin has pushed above $101,000, gaining 4.50% on the day as buying momentum continues. The price currently stands at $101,399. The market is rebounding after a correction that brought Bitcoin below $80,000. Since that low, the price has steadily climbed, reclaiming key levels and moving closer to the previous high near $110,000.

BTC 7D graph coinmarketcap 5
Source: CoinMarketcap

The $110,000 area remains the main resistance. Volume remains strong, indicating sustained interest. Buyers have maintained control, forming higher lows and pushing the price back toward its peak. All eyes are now on whether Bitcoin can clear the resistance and continue its upward trend.

Bitcoin Holds Bullish Structure, Eyes $110K Breakout

Bitcoin is currently moving within an ascending channel, reflecting a rising trend on the chart. Following a correction earlier in the year, the price has formed a consistent pattern of higher lows and higher highs, steadily climbing from the $80,000 range toward $100,000.

This upward movement shows continued buying momentum, with buyers entering at each pullback to support the price. The pattern indicates a controlled, steady climb rather than a sharp surge, pointing to gradual accumulation over time.

The key features of this pattern include a support trendline connecting the recent lows from the $80,000 region, a resistance zone approaching $110,000, the previous peak, and price action contained within parallel upward-sloping trendlines that define the channel.

BTCUSD 2025 05 08 12 20 59
Bitcoin Surges Past $101K with Eyes on $110K Bullish Breakout 3

As long as BTC remains within this channel, the structure points to strength. A breakout above $110,000 would suggest further upside potential, while a move below the lower trendline could signal a test of lower support levels.

Bitcoin is trading inside an ascending channel, gradually approaching the $110,000 resistance level while holding a bullish structure.

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Revolut Partners with Lightspark to Enhance BTC Transactions in the UK

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  • Revolut integrates Lightning Network to speed up Bitcoin payments in UK and EEA.
  • Integration grants access to MoneyGrid, linking Revolut clients to 300M users in 140 nations.
  • Move follows Coinbase’s 2024 rollout; Lightning now clears 15% of its Bitcoin transactions.

Revolut, a UK digital banking giant, has partnered with Lightspark to speed up Bitcoin transactions through the Lightning Network in the UK and select European Economic Area (EEA) countries. 

This move is designed to cut transaction fees and speed up payment processing times, making Revolut one of the many fintech companies adopting blockchain technology for more effective cross-border processing.

Lightning Network to Improve Bitcoin Payment Speeds

As part of the integration with Lightspark, Revolut users will be able to access the Bitcoin-based Lightning Network, a layer 2 scaling solution designed to make transactions faster and cheaper. To solve Bitcoin’s scalability issues, the Lightning Network created a second layer to process transactions away from the main blockchain and then settle them on the chain massively reducing congestion and costs.

Lightspark CEO David Marcus described the shift as essential for modern financial services, noting that traditional payment systems have become outdated. “In a world with a new, open Money Grid that enables instant, seamless transactions, we’re excited to see a global fintech such as Revolut lead the way,” Marcus said. Lightspark’s infrastructure, known as MoneyGrid connects over 300 million users across 140 countries enabling near-instant payments for businesses and individuals alike.

Revolut’s Expansion into Crypto Payments

Adding the Lightning Network to Revolut’s portfolio is also part of the startup’s broader ambition to expand its cryptocurrency offerings. In April, the company reported a pre-tax profit of $1.4 billion, a record figure representing a 149% jump from a year earlier, partly because the firm’s digital asset business keeps growing. Revolut X, a specialized crypto exchange app, has added to its stronghold in the market as it can now trade various digital assets.

Although the firm exited the U.S. market in 2023 due to the restrictions, it continues to be interested in crypto-friendly countries, like Europe, where it plans to launch more new digital offerings, including stablecoins. The integration of Lightning Network also strengthens its intention to provide the fastest and cheapest financial services as crypto payment demand keeps expanding.

Growing Adoption of the Lightning Network

Revolut’s move follows competing platforms such as Coinbase, which launched Lightning support in 2024. According to reports, Lightning now processes about 15% of Coinbase’s Bitcoin transaction volume, and its importance in the crypto world is increasing.

Thaddeus Dryja and Joseph Poon introduced the Lightning Network which is now becoming vital infrastructure for Bitcoin operations. The Lightning Network gained significant attention from exchanges, fintech firms, and institutional investors because it can run massive transaction volumes at lower fees.

Strategy to Unveil Bitcoin Model That Could Reshape Corporate Finance

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  • Strategy plans to publish a Bitcoin standard model to guide corporate Bitcoin adoption.
  • The upcoming model will be open-source and based on Strategy’s real-world Bitcoin acquisition strategy.
  • Strategy has expanded its Bitcoin holdings to 555,450 BTC after its latest purchase.

Strategy has confirmed plans to publish a new Bitcoin (BTC) standard model designed to guide corporate BTC adoption over the long term. The model will offer detailed financial strategies and insights based on Strategy’s internal experience. With this move, Strategy aims to redefine corporate finance and accelerate Bitcoin’s role in global balance sheets.

Strategy to Publish Bitcoin Corporate Finance Book

Strategy CEO Phong Le declared that the firm will publish a full corporate finance book designed for the Bitcoin age. The future model is based on Strategy’s 2024 framework, which is set to be published as open-source by the public. It will contain factual data and strategies utilized in the Strategy’s path of gaining Bitcoins.

Following the addition of 1,895 BTC, Strategy has grown its ownership of BTC to 555,450. The firm feels that existing corporate finance principles must change to accept Bitcoin as a treasury reserve asset. Thus, Strategy sets an example and develops a formal financial model for future adopters.

Phong Le stated that the new book will become a company’s financial playbook in three decades. Strategy’s focus is to make the process of integrating Bitcoin into corporations simple by adopting a replicable and transparent model. The book will also discuss risk controls and capital allocation methods used by Strategy.

Bernstein Predicts $330 Billion Corporate BTC Inflows

Bernstein published a report forecasting $330 billion in corporate inflows for Bitcoin by 2029, with much of this inspiration coming from Strategy’s playbook. According to the report, more firms will invest in Bitcoin as a treasury asset as macroeconomic changes intensify. The catalyst and strategy are already high benchmarks in Bitcoin acquisitions.

The asset manager assumes that Strategy will initiate the following stage of the institutional Bitcoin accumulation process. According to Bernstein, Strategy will buy up to $124 billion worth of BTC in the future. This forecast is in line with Strategy’s present capital raise of $84 billion to invest in further Bitcoins.

According to Bernstein’s analysis, Strategy’s systematic accumulation of BTC will demand that other firms take certain action. The report suggests that the momentum for corporate interest in Bitcoin will continue to increase due to more firms adopting Strategy’s strategic blueprint. This trend can germinate new financial securities to report corporate bitcoin exposure.

Metaplanet and Strive Join Corporate BTC Movement

Tokyo-based Metaplanet has amassed over 5,000 BTC and is aiming to raise 3.6 billion JPY through bonds for further purchases. The firm has employed ordinary bonds to facilitate its strategy and is speeding up its Bitcoin treasury growth. This indicates that the world is accepting Bitcoin in corporate finance models.

At the same time, Strive Asset Management is collaborating with Asset Entities to set up a publicly traded Bitcoin treasury company. The initiative points at structured BTC shareholders’ exposure but utilizes the Strategy’s model as the reference. This partnership aims to establish an open entity focused on BTC operating in public markets.

Today, more public companies have Bitcoin listed on their balance sheets than ever before. The popularity boom triggered the emergence of ETFs related to corporate BTC holdings.

Bitcoin Dominance Set to Soar: Will It Reach 2019-2021 Levels?

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  • Bitcoin’s dominance in the market is set to rise, with predictions pointing to potential highs from 2019-2021 if macro changes stay stable.
  • Institutional investment, led by MicroStrategy and ETFs, has driven Bitcoin’s dominance above 65%, a level previously thought unattainable.
  • Altcoin investors must remain selective, as BTC’s dominance continues to overshadow weaker altcoins, limiting potential gains in the sector.

Bitcoin (BTC) is still unleashing its dominance in the world of cryptocurrency, and predictions are directed to the potential return to 2019-2021 highs. Daan Crypto Trades opined that, although it is not clear if this happens, the trend of Bitcoin’s dominance should continue. The main reason for such a projection is the lack of cardinal changes on the macroeconomic front, including the modification of quantitative easing (QE) or large-scale liquidity injections.

Source: X

The growing dominance of Bitcoin is being facilitated to a large extent by extensive involvement of institutions. Notably, entities like MicroStrategy under Michael Saylor and BTC center ETFs have been offering BTC at aggressive saturations. This huge institutional capital has helped push the market share of Bitcoin to a point seemingly unattainable. Consequently, BTC has gained more than 65% of the market share, a number that few people thought would be reached previously, just a few years ago.

Altcoins vs. Bitcoin Dominance

This emergence in dominance is a reminder for altcoin investors of the need to adopt selectivity. Despite the existing opportunities for profits in altcoins, it has become trickier to land them as they are few and far between and need expert management. Daan argued that in the existing environment, BTC is so dominant that investors should put their focus on the strongest altcoins if they aim at getting some returns. Weak altcoins are not likely to get any traction as Bitcoin dominance continues to dominate the market.

However, analysts also believe that there could be a shift in the market dynamics at some stage. Bitcoin’s domineering status might decline for weeks or months if the altcoins start outperforming it. An uptick in altcoin trading may drive shifts in market sentiment. However, in order for altcoins to pose a real challenge to BTC, they would need a lot of uptrend to overcome the continuous bids from the institutional buyers. BTC is likely to dominate the altcoins if there is not enough upward pressure.

Market Conditions and Shifting Trends

The top performers this week have largely been coins that have been sitting idle before they experienced short squeezes in a low liquidity setting. Analysts advised against shorting these coins even though their long-term forecast is weak. Shorting in the current market conditions is risky, as the prices can move unpredictably.

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Source: X

Bitcoin continues to take the lead in the market, and its advantage appears to be certain. To ensure that the wider market enjoys a sustained rally, then BTC and other leading major cryptocurrencies must take the lead. Altcoins may later join suit, but at the moment, Bitcoin’s dominance has no signs of deceleration. Marketers and investors alike will be paying close attention to see if any shifts in market sentiment may alter the current path.

Read More: Bitcoin Nears a Major Crossroad: Is $160k the Last Big Push Before a Bear Market?

Bitcoin Reserve Race Heats Up: Texas Joins After Arizona’s Move

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  • Texas has advanced Senate Bill 21 to authorize the creation of a state-managed Bitcoin reserve.
  • Arizona has officially enacted House Bill 2749, confirming its commitment to building a Bitcoin reserve.
  • New Hampshire passed a new law within 48 hours to establish its strategic Bitcoin reserve.

US states are accelerating efforts to build a Bitcoin reserve, with Texas advancing Senate Bill 21 to a floor vote. This move comes after Arizona and New Hampshire enacted similar legislation to establish their own Bitcoin reserve frameworks. With bipartisan backing, states are signaling a shift toward integrating Bitcoin into government financial strategies amid rising global interest.

Texas Pushes Forward With Bitcoin Reserve Bill

Texas has made an important move, having passed Senate Bill 21 through committee for a full legislative vote. The bill will allow the establishment of a state-managed Bitcoin reserve, which represents a strategic shift in Bitcoin policy. Parliamentarians plan to use Bitcoin reserves to complement the agenda for overall economic stability.

The state’s interest is renewed after a recent spurt of crypto activity caused by economic and political developments. According to a Bloomberg article, as energy-prosperous Texas seeks to diversify its fiscal toolkit, the Bitcoin reserve gains traction among legislators. This move places Texas alongside other pioneering states looking for alternative stores of value.

Proponents argue that the Bitcoin reserve will future-proof the Texas financial system while encouraging digital innovation. The bill’s language centers around risk management, transparency, and extended asset inflation. With the legislative process in place, Texas is poised to be one of the front-runners in the US Bitcoin reserve movement.

Arizona Confirms Support After Reversal Talks

Arizona recently concluded its word with the passage of House Bill 2749, solidifying its commitment to the Bitcoin reserve with brief speculations on reversal. The bill was approved on a bipartisan vote, noting lawmakers’ solid consensus on digital asset adoption. This is after talks about potentially axing the initiative earlier in the week.

The law fosters the strategic application of Bitcoin as a solution for handling unclaimed digital property and modernizing asset management systems. The officials consider the Bitcoin reserve a necessary adjustment to the world’s financial trends and technological change. Arizona’s decision is a testament to the explosive momentum for Bitcoin integration, regardless of political leanings.

Arizona officials acknowledged the value of digital reserves despite initial reticence. The prompt move highlights the urgency by stating that we should not lag in the rush for innovation. Arizona solidified its position as a leader in the landscape of digital finance after the signing of this law.

New Hampshire Moves Quickly To Secure Its Position

New Hampshire also introduced legislation in the last 48 hours to create a strategic reserve of Bitcoins. The act provides a framework for acquiring, storing, and governing the state treasury’s digital assets. Public-private partnerships are a cluster of progressive approaches irrespective of political rivalries in the state government.

The bill describes major operational and legal guarantees for managing Bitcoin as a government-held asset. Lawmakers want to create a strong Bitcoin reserve structure that complies with national and international standards.

New Hampshire is acting quickly to pressure other states to create a Bitcoin reserve. Given that digital currencies are now being recognized in institutions, the state’s leadership is experiencing some favorable long-term effects. This further cements it into the digital currency transition phase within the United States.

Bitcoin Climbs Toward Milestone Amid State-Level Momentum

Bitcoin’s price increased by 2.3% to break the $99,000 mark after more US states gathered steam behind the seat of reserve narrative on Bitcoin. The latest gains follow China’s announcement of a ¥ $1 trillion package intended to stimulate the economy further and make the markets confident. At the same time, the Federal Reserve left interest rates unchanged for the third time this year.

The rise of Bitcoins is in line with legislative action in the United States and increasing liquidity from global government support. Market players expect increased action as the $100,000 barrier is approached on the strength of state adoption news. 

Bitcoin and Gold Are Breaking Down Near S&P 500 Highs, Analyst Alert

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  • While Bitcoin appears to be outperforming the S&P 500, it’s lagging behind gold, hinting at a possible market divergence.
  • Mike McGlone suggests that the breakdown of the BTC to Gold ratio is an early warning sign of a possible shift in the broader sentiment.
  • While some see Bitcoin’s dip as temporary, others worry it is hiding a long-term instability, even though it has recently been compared to the bullish equity market.

According to Mike McGlone, a senior macro strategist at Bloomberg Intelligence on X, a potential early warning sign emerged in the crypto markets. He revealed that, although Bitcoin (BTC) is trading at one of its highest levels relative to the S&P 500, the Bitcoin to Gold ratio recently declined.

Though Bitcoin looks strong relative to equities, this divergence could potentially be a warning of underlying weakness in BTC’s momentum, McGlone suggested.

Bitcoin’s Performance Compared to S&P 500

McGlone shared a Bloomberg Intelligence chart to visually show the BTC and Gold breakdown. Two main comparisons were tracked by the chart: the ratio of BTC to Gold and the ratio of Bitcoin to S&P 500.

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Source: X @mikemcglone11

The visual data shows that the Bitcoin/S&P 500 ratio (orange line, measured y-axis on the right) has recently spiked back up to near 16.7. This suggests that the leading crypto asset is performing relatively well against equities.

Yet the Bitcoin/Gold ratio (as charted with the dark blue line using the left-hand axis) has begun to fall, showing the digital currency’s dwindling power in comparison to gold, a classic safe-haven investment. Below the main chart is a secondary graph showing a combined analysis of the BTC-Gold and BTC-S&P 500 ratios to see which outperforms the other over time. 

This lower graph is also signaling a downturn with the line headed downward and displaying a negative value of -1.7. The visual contrast between BTC’s strength over stocks and its weakening position against gold incites questions on whether this current rally in BTC is sustainable or rather masking deeper fragilities.

According to McGlone, this breakdown could be more than just a short-term dip. It may point to an early warning sign of a wider market sentiment collapse. McGlone’s analysis is a concerning warning, as the historical significance of the BTC to Gold ratio as a leading indicator is not to be forgotten. 

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Robert Kiyosaki Favors Bitcoin Over Gold, Citing Fixed Supply and Scarcity

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  • Robert Kiyosaki identifies Bitcoin’s fixed supply as a major reason he prefers it over gold and silver.
  • He explains that Bitcoin’s 21 million coin limit ensures scarcity that market conditions cannot alter.
  • Kiyosaki believes Bitcoin’s decentralized structure protects it from manipulation by governments or central banks.

Robert Kiyosaki has highlighted Bitcoin’s fixed supply as a key advantage over traditional assets like gold and silver. He emphasized that, unlike commodities, Bitcoin’s (BTC) capped limit of 21 million coins ensures predictable scarcity. Kiyosaki continues to support gold and silver but points to Bitcoin as a more controlled store of value.

Bitcoin’s Fixed Supply Drives Kiyosaki’s Confidence

According to Robert Kiyosaki, he favors Bitcoin over gold because the cryptocurrency’s supply is limited to exactly 21 million. According to him, the supply remains fixed no matter what happens to market conditions and price levels. The fixed quantity of coins combined with a predictable supply confirms Bitcoin’s uniqueness as an asset.

Due to its decentralized nature, Bitcoin cannot let any controlling entity modify its supply parameters. As per Kiyosaki, the Bitcoin network structure surpasses gold’s reliability due to mining-expansion-related supply fluctuations. This uniqueness in supply management is central evidence for his outlook on Bitcoin’s enduring performance.

The Rich Dad author views Bitcoin as producing scarcity, which defends against both inflation and central bank decisions. Since code locks the source supply, it avoids the classic dilution risk that commodities typically face. According to Kiyosaki, Bitcoin’s value will rise throughout periods of financial turmoil because of its limited supply.

Gold’s Supply Can Increase With Price

Kiyosaki holds assets in gold, though he acknowledges that price growth typically drives up mining operations. Additional market supply diminishes both a metal’s rarity status and its price growth potential. Gold functions as a well-established crisis asset, yet its availability flexibly creates market risks.

Kiyosaki owns mining operations that make production decisions directly based on market price movements. The rise in prices leads to an increase in the market supply, thus impacting the value’s future stability. 

Even though he continues to endorse Bitcoin, he advocates for gold’s position as a wealth-preservation tool. According to Kiyosaki, Bitcoin achieves higher trust through its reliable allocation paths. In his view, Bitcoin possesses a greater value than gold since its currency supply remains centralized, but he appreciates both monetary tools.

Silver Gains Appeal With Industrial Demand

Although he appears bullish on silver, he believes the metal has another reason to double in price by 2026: inflation. Rising industrial usage is the reason he attributes this potential growth. Demand for silver is rising in every sector, from solar energy to electric vehicles and medical equipment.

He says silver’s cheapness and versatility are attractive when economies are rumbling. Unlike Bitcoin or gold, which benefit solely from money, silver benefits from money and industry. This only increases demand for electrically powered airplanes as a multipurpose asset.

Silver is part of Kiyosaki’s diversified strategy, he says, alongside Bitcoin and gold. Although he prefers Bitcoin because of its fixed supply, his belief in silver’s increasing relevance is also held. 

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Bhutan Teams With Binance for a Mysterious Travel Payment Shift

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  • Bhutan has officially launched the world’s first national-level crypto tourism payment system.
  • The system allows tourists to pay for flights, hotels, visas, and local purchases using cryptocurrencies.
  • Binance Pay and DK Bank partnered with the Bhutanese government to power the entire crypto payment network.

Bhutan has launched the world’s first nationwide crypto tourism payment system in collaboration with Binance Pay and DK Bank. The system allows travelers to use cryptocurrencies for nearly every travel-related expense nationwide. This development marks a significant step in integrating digital assets into mainstream tourism and local commerce.

Bhutan Vendors Now Accept Bitcoin Payments

More than 100 Bhutanese vendors operating hotels and restaurants and providing transportation now accept Bitcoin through the Binance Pay utility. The Binance Pay application allows real-time BTC payments by scanning a QR code directly from tourists. When customers pay with BTC at DK Bank, the system immediately turns their payment into Ngultrum currency for fast vendor settlements.

Rural small businesses across multiple areas operate the payment system using basic smartphones, enhancing digital payment reach into these locations. Through this integration gaps in financial infrastructure receive solutions as crypto achieves wider real-world adoption in tourism. The adoption of BTC has enabled Bhutan’s economy to benefit from modern transaction services within communities that lack standard banking facilities.

This updated model reduces payment friction between different countries, the requirement to use third-party intermediaries, and international card processing costs. The system simplifies visitors’ flows and connects with DK Bank, enabling merchants to receive immediate free payments. The new system delivers great convenience to customers and outstanding merchant satisfaction nationwide.

BNB Drives Digital Integration Across Bhutan’s Travel Sector

Under the Binance Pay partnership, BNB is the core engine that drives the crypto payment network operations. Travelers using Binance’s infrastructure can spend BNB instantly to buy everything from airfare to local handicrafts. Users can receive immediate currency settlements directly to their accounts regardless of the cryptocurrency price movement.

The system drives BNB into real-world operational environments, advancing its position as a usable asset across domains extending past the trading market. The partnership expands BNB operations into emerging markets because it proves BNB’s utility within a regulated tourist framework at the national level. All BNB-based transactions under DK Bank’s control operate according to Bhutan’s established financial regulations.

National tourism authorities confirmed the launch of BNB digital payments throughout the country, which enhances visitor digital access and payment processing convenience. This strategic alliance supports the goal of pioneering new tourism payment infrastructure and building modern cashless systems in the industry. The adoption rate of local crypto solutions grows steadily because businesses recognize financial advantages from integrating blockchain systems.

USDC Supports Fast, Stable Travel Payments

USDC is one of the main stablecoins. It provides users with price consistency alongside high-speed payment functions that remove volatility as a factor. Nations using USDC enable travelers to meet their expenses while booking tours, using visa services, and making street market purchases. The system provides a means to reduce the need for either exchange services or tourists to endure currency conversion rate fluctuations.

DK Bank provides instant exchange of USDC into local currency to protect merchant operations from crypto-related problems. The payment system achieves complete visibility while maintaining user-friendly operations through QR code transactions throughout tourist areas. The technology-driven payment system improves performance and efficiency in the Bhutanese tourism industry.

The national crypto payment rollout improves economic presence opportunities for vendors without card processing capabilities. Remote operators can now service international guests without relying on conventional banking networks. 

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Japan’s Metaplanet Quietly Buys 555 BTC—But Why Right Now?

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  • Metaplanet acquired 555 more Bitcoin this week, spending $49.6 million on the latest purchase.
  • Based on current market prices, the company now holds 5,555 BTC valued at over $482 million.
  • This acquisition is part of Metaplanet’s ongoing strategy to convert capital into Bitcoin during global financial uncertainty.

Japanese firm Metaplanet Inc. made another Bitcoin (BTC) purchase totaling 555 units this week, while China and the U.S. governments began showing signs of economic partnership. Metaplanet Inc. made a Tokyo Stock Exchange listing this week and acquired 555 Bitcoin using $49.6 million, raising its total holdings to 5,555 BTC. The purchase follows Metaplanet’s digital asset transformation plan to protect its investments during worldwide instability.

Metaplanet Adds 555 BTC to Holdings, Hits $482 Million in Total Value

Metaplanet announced its second Bitcoin purchase on Tuesday, which raised the company’s Bitcoin holdings to exceed $482 million. The purchase utilized ¥7.67 billion from the company’s funds while maintaining a trend of acquisitions based on zero-coupon bond issuance. Through EVO FUND, its partner raised the bond tranches that directly fund each Bitcoin acquisition.

The acquisition occurs within a strategy that courts Bitcoin as the primary core asset of the company’s treasury. Financial instruments yielded proceeds that Metaplanet used to obtain BTC since the start of 2024 and through all of 2025. Since the beginning of its digital asset exposure expansion initiative the firm has executed several key strategic acquisitions.

The organization’s Bitcoin-oriented Key Performance Indicator, BTC Yield, demonstrated substantial quarterly growth because capital deployment proved rewarding. Each subsequent quarter produced expanding returns, with Q4 at 309.8%, Q1 at 95.6%, and Q2 at 21%. The company’s durable Bitcoin acquiring performance reinforced its decision to build a reserve against possible macroeconomic threats.

China and US Set to Resume Economic Talks After Extended Pause

Chinese officials announced that Vice Premier He Lifeng will conduct talks with U.S. Treasury Secretary Scott Bessent in Switzerland from May 9 through May 12. These official meetings will represent the direct dialogue after the U.S. placed new tariffs on Chinese imports. Senior U.S. officials made multiple attempts to initiate renewed dialogue before Vice Premier He Lifeng met with U.S. Treasury Secretary Scott Bessent in Switzerland.

According to the Chinese Ministry of Commerce, specific conditions must exist for the parties to work together while emphasizing mutual respect and fairness throughout all discussions. Government representatives at these meetings rejected demands that would force China to change positions and issued statements about U.S. action in trade relations. China maintains its tough stance in defending its economic position while complying with worldwide market requirements.

The Chinese embassy in the United States has recognized the business community’s intensifying international pressure and demands to begin a new dialogue. Beijing accepted the need for formal dialogue to answer recent changes affecting the trade situation. Through this reopened dialogue, trade relations have the potential to become stable while facing current diplomatic tensions.

Gold and Bitcoin Gain as Safe-Haven Demand Rises

Bitcoin prices stayed near the levels from February, while gold rose to $3,357 as investors increasingly sought store-of-value assets. The price elevation of both assets has traced economic policy shifts alongside geopolitical developments across important global regions. According to data about recent price movements, global financial instability appears to be driving markets toward substitute assets.

Metaplanet announced plans to establish its new Metaplanet Treasury Corp. subsidiary in Florida while raising $250 million through Metaplanet Treasury Corp. for Bitcoin acquisitions. With a $250 million capital target, this new entity will shape the company’s Bitcoin acquisition initiatives. CEO Simon Gerovich confirmed the move would enable the company to access U.S. capital market opportunities and international financial liquidity.

As part of its strategy to enhance its standing as a Bitcoin-specialized public organization that targets global growth, Metaplanet has initiated this step. Through this subsidiary organization, Metaplanet maintains uninterrupted access to strategic capital and multiple markets. Metaplanet takes this step to expand its market reach while strengthening its current digital asset reserve guidelines.

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Bitcoin Whale Accumulation of 81,338 BTC Signals Strong Push Toward $100K

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  • Bitcoin whale accounts deposited 81,000 bitcoins in six weeks, indicating bullish sentiment.
  • BTC shattered critical resistance levels, now consolidating at levels near $97,650 with resistance at $98,000.
  • Bitcoin’s dominance amongst derivatives grew, with long positions at $2.14 billion surpassing shorts.

Bitcoin started its corrective phase below the $95,500 level, falling below support levels at $95,000 and $94,500. However, bullish momentum re-emerged close to the $94,000 region, halting the decline. BTC found its recent bottom at $93,398 before initiating a notable recovery, pushing back through several crucial resistance levels.

The pullback consisted of a move above $94,500 and a break of the critical bearish trendline at $94,750 of the BTC/USD hourly chart. Following this, Bitcoin breaching above the resistance level of $96,500. Now, the asset is trading above $96,000 and well above the 100-hourly Simple Moving Average, indicating positive technical sentiment.

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Whales Fuel Bitcoin’s Climb Toward $100K

A confirmed break above $98,000 may unlock the way to $98,800 and ultimately test the waters at the $100,000 level. Supporting this bullish narrative, Sentiment data shows 10 to 10,000 BTC wallets holding 10 to 10,000 BTC added over 81,000 BTC in six weeks a 0.61% increment despite turbulent market circumstances.

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On the flip side, retail holders of less than 0.1 BTC decreased holdings by 290 BTC, which was 0.60% lower. This divergence is historically bullish and tends to come before powerful rallies. Experts view this as one indication that Bitcoin is quietly building up for explosive price action to fresh highs.

Apart from BTC, the overall crypto market is impacted by this accumulation trend. Whale confidence usually initiates rotation into high-beta altcoins, meaning traders should take note of breakout triggers. Up to May 6, 2025, Bitcoin’s strength is directing sentiment to risk-on, boosting opportunities to trade within the crypto market.

Bitcoin Surges Past $734M Short Positions at $95,600

Glassnode data records that BTC surpassed $734 million in short positions concentrated near $95,600. Last week, the level resisted price pushes, but bulls captured the zone back, generating a wave of liquidations and driving BTC to its peak near the level of $97,260—a great morale booster for bulls.

Screenshot 2025 05 07 at 1 1746583040724

Coinglass confirms bullish dominance in derivatives, with long positions totaling $2.14 billion, outpacing short leverage at $2.06 billion. With the $95,600 resistance now conquered, BTC appears poised to test and potentially break above the weekly high at $98,200, strengthening the case for continued upside.

If Bitcoin faces rejection at $97,750, a minor pullback could occur. Initial downside support lies at $96,650, followed by $95,500 and $95,000. A deeper drop may test $94,500, with $93,200 acting as a strong foundational support to halt any extended correction in the near term.

Read More: Dormant Whale Wallet Revives as $325M in Bitcoin Moves After 10 Years