- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Bitcoin Rises Above $97K as Trade Hopes and U.S. Crypto Strategy Improve Market Sentiment
By: crypto ro|2025/05/07 19:45:01
0
Share
Key PointsBitcoin rose 3.3% to over $97,000, supported by optimism over U.S.–China trade talks.The U.S. is advancing a Strategic Bitcoin Reserve, though full details are pending.States like New Hampshire are moving forward with crypto reserve legislation.The price of Bitcoin surged past $97,000, lifted by signs of easing trade tensions between the United States and China and renewed investor interest in crypto amid policy shifts under the Trump administration.Bitcoin (BTC) rose 3.3% in the last 24 hours to trade around $97,078.BTC 1D CHARTOther major tokens followed: Ether (ETH) gained 3%, Solana (SOL) rose 3.2%, and XRP climbed 2.3%.Futures tracking the S&P 500 also ticked up 0.5%, reflecting broader optimism in financial markets.“We don’t want to decouple [with China], what we want is fair trade,” U.S. Treasury Secretary Scott Bessent said in an interview late Tuesday. “We’ve agreed to talk.”Bessent and U.S. Trade Representative Jamieson Greer are scheduled to meet Chinese officials this week in Switzerland.U.S. Strategic Bitcoin Reserve Adds Policy BackingInvestors are also watching the U.S. administration’s crypto agenda. A March 6 executive order signed by President Donald Trump directed the creation of a U.S. Strategic Bitcoin Reserve, sourced from government-held BTC obtained via forfeiture. It also instructed agencies to explore budget-neutral methods for acquiring additional bitcoin.This initiative followed Trump’s earlier creation of a Presidential Working Group on Digital Assets, tasked with delivering a national framework by July 22.However, key reporting deadlines passed in April and May with no public disclosures. According to analysts at K33 Research, this lack of transparency could inject volatility into crypto markets if findings are released suddenly.U.S Bitcoin holdingsSeasonal Trends and Market PositioningHistorically, May has presented mixed outcomes for Bitcoin. Despite weak seasonal averages and high volatility, analysts at K33 argue that 2025 may break the pattern, driven by political catalysts and growing state-level interest.New Hampshire recently became the first U.S. state to approve a Strategic Bitcoin Reserve bill. Other states, including Texas, Illinois, Maryland, and Arizona, are considering similar legislation.On the trading side, analysts noted that Bitcoin derivatives remain subdued, with funding rates negative since April. This suggests traders are not overly leveraged long, limiting the risk of large liquidations in the near term.
You may also like
Ten Thousand Words Interpretation of STRC: Strategy for Making Money to Buy Coins New Magic
The real momentum of the BTC rebound - for every 1 dollar of STRC issued, there corresponds 3 dollars of BTC buying.
What competitive advantages are still defensible in the AI era?
Based on the signals received, determine the direction, and act immediately
For Whom the Bell Tolls, For Whom the Lobster Feeds? A Dark Forest Survival Guide for the 2026 Agent Player
If an AI has read Machiavelli and is much smarter than us, they would be very good at manipulating us — and you wouldn't even realize what's happening.
Circle CEO's Latest Interview: Stablecoins Are Not Cryptocurrency
The true meaning of a stablecoin is to turn the US dollar into an internet-native currency and eventually create an internet financial platform
Deconstructing the Public Chain Pharos Capital Game: Is a $950 million valuation supported by assets like photovoltaics just a shell transaction under layers of betting?
When a physical industry company injects physical assets into a Layer 1 project, it can easily create a valuation of 950 million dollars by calculating several times the value of the physical assets. Is this kind of capital game too outrageous? Does the crypto market really need such RWAs?
a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge
Institutional AI and Retail AI "Better Integration" is an Inevitable Trend.
Why did the star Web3 project Across Protocol choose to abandon DAO?
The proposal for Across to privatize itself is a rare move, but it comes at a time when the industry is beginning to recognize that DAOs are a difficult organizational structure to operate.
In fact, ETH scaling is a major benefit for L2
ETH has finally admitted defeat—its Rollup-centric roadmap is unworkable, while the monolithic scaling solutions adopted by blockchains like Solana have proven to be correct.
Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days
Every line of code, every tool we build, every sleepless night spent maintaining the network—these efforts have laid the foundation for TON's development today.
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.
BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.
50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?
Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.
The Cryptographic Past of the Middle East
Reality is often more exciting than fiction.
Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
When the baby boomer generation collectively sells off, who will become the "greater fool" in the next round of asset crashes?
Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.
Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to give up their identity to use an AI tool.
On the eve of the explosion of on-chain options
Options are becoming a new anchor in the cryptocurrency market.
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
Ten Thousand Words Interpretation of STRC: Strategy for Making Money to Buy Coins New Magic
The real momentum of the BTC rebound - for every 1 dollar of STRC issued, there corresponds 3 dollars of BTC buying.
What competitive advantages are still defensible in the AI era?
Based on the signals received, determine the direction, and act immediately
For Whom the Bell Tolls, For Whom the Lobster Feeds? A Dark Forest Survival Guide for the 2026 Agent Player
If an AI has read Machiavelli and is much smarter than us, they would be very good at manipulating us — and you wouldn't even realize what's happening.
Circle CEO's Latest Interview: Stablecoins Are Not Cryptocurrency
The true meaning of a stablecoin is to turn the US dollar into an internet-native currency and eventually create an internet financial platform
Deconstructing the Public Chain Pharos Capital Game: Is a $950 million valuation supported by assets like photovoltaics just a shell transaction under layers of betting?
When a physical industry company injects physical assets into a Layer 1 project, it can easily create a valuation of 950 million dollars by calculating several times the value of the physical assets. Is this kind of capital game too outrageous? Does the crypto market really need such RWAs?
a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge
Institutional AI and Retail AI "Better Integration" is an Inevitable Trend.
App