Bitcoin (BTC) is on the rise, hitting $108,470 as of Saturday—a 1% enhance—whereas key indicators level to a breakout to $120,000.
Texas Bitcoin Reserve Invoice Beneficial properties Traction
The Texas Bitcoin Reserve Invoice obtained a serious enhance when Governor Greg Abbott endorsed SB 21 on Might 22. SB 21 handed the Texas Home not too long ago and proposes making a state Bitcoin reserve.
Abbott’s assist, in keeping with his aim to make Texas a crypto hub by 2024, places the state alongside Arizona and New Hampshire in pro-crypto laws.
Texas is positioning #Bitcoin as a state-level strategic asset.
Governor Greg Abbott alerts assist for a invoice to determine a Strategic Bitcoin Reserve. pic.twitter.com/C7pvktZ66K— TFTC (@TFTC21) Might 23, 2025
In the meantime, Congress has but to go nationwide Bitcoin reserve measures, regardless of a previous government order beneath former President Trump.
A state-driven Bitcoin reserve would give traders lots of confidence, and this may very well be the catalyst for BTC to interrupt previous $110K.
Crackdown on Crypto Scams Boosts Market Confidence
On Might 23, the U.S. Division of Justice introduced that $2.5 million in stolen cryptocurrencies has been recovered from scams focusing on FOMO traders. The FBI’s San Diego department coordinated the restoration, which was ordered by a federal choose.
"Numerous validators recognized the addresses with the stolen funds and are ignoring transactions on these addresses till additional discover."
HUH? pic.twitter.com/pTbywpBT5k— JSHy | Josh Marchand (@JSHyCS) Might 22, 2025
These scams preyed on inexperienced traders with guarantees of excessive returns. The restoration highlights the federal government’s rising efforts to scrub up the crypto market.
These regulatory crackdowns, with the assistance of corporations like Tether, will enhance public belief in digital property. As transparency and enforcement rise, the crypto market turns into extra enticing and will gasoline Bitcoin’s rise.
Institutional Adoption Soars with Semler’s $50M Bitcoin Purchase
And to high all of it off, Semler Scientific purchased $50 million value of Bitcoin between Might 13 and Might 22, bringing their whole holdings to 455 BTC, now value $474.4 million.
BULLISH: Semler Scientific acquired 174 #Bitcoin value $17.8M, yielding 22.2% $BTC returns YTD, now holding a complete of three,808 $BTC. pic.twitter.com/AHOlUk7INK
— Cointelegraph (@Cointelegraph) Might 14, 2025
The corporate’s inventory dropped 1.36% after the announcement, however has gained 53% since they began shopping for Bitcoin in Might 2024, regardless of quarterly income declines of 44%.
Semler’s aggressive Bitcoin shopping for is a part of a much bigger development of firms treating BTC as a treasury asset. This will increase market stability by bringing in additional establishments and lowering provide—one thing that would push costs up.
Bitcoin (BTC/USD) Technical Evaluation
Bitcoin value prediction stays bullish as on the 2-hour chart, BTC has a higher-low sample supported by the 50-period EMA ($108,470) and the trendline from $105,905–$107,048.
Resistance is at $109,613 (23.6% Fibonacci) and a breakout may go to $111,935 or $113,478.
Search for bullish candlestick patterns like three white troopers or RSI divergence to verify the uptrend.
BTC Bull Token Nears $7.14M Cap as 71% Staking Yield Fuels FOMO
Because the BTC/USD pair hovers close to $108K, consideration is quickly turning to high-upside altcoins — and BTC Bull Token ($BTCBULL) is stealing the highlight. With $6.17 million raised out of its $7.14 million cap, momentum is accelerating as the subsequent presale value soar closes in quick.
What units BTCBULL aside is its distinctive rewards mannequin — token holders obtain Bitcoin airdrops immediately tied to BTC’s value rallies. The upper Bitcoin climbs, the extra BTC will get distributed — with presale consumers receiving precedence rewards over post-launch DEX traders.
Key Stats:
- USDT Raised: $6,221,583.95 / $7,136,435
- Token Value: $0.002525
- Staking Pool: 1.47B BTCBULL
- Yield: ~71% APY
Constructed-in shortage provides much more firepower: each time Bitcoin rises by $50K, BTC Bull triggers a token burn, lowering provide and rising upside potential for long-term holders.
In the meantime, staking is popping heads. BTCBULL gives a whopping ~71% APY on its Ethereum-based staking pool (at present holding 1.47B BTCBULL), with no lockups or withdrawal charges. Meaning passive yield — with full liquidity.
The put up Bitcoin Value Prediction: BTC Surged to $108,470 — Will It Shatter Resistance and Goal for $120K Subsequent? appeared first on Cryptonews.