Crypto News Catchup: Bitcoin Breaks $100K as Peace Talks and Policy Shifts Fuel Rally

A wave of bullish global developments has breathed new life into crypto markets, sending Bitcoin to just under $105,000 and fueling renewed enthusiasm across digital assets. Geopolitical de-escalation—highlighted by a ceasefire between India and Pakistan and fresh momentum in U.S.-China and Ukraine-Russia negotiations—has sparked a risk-on rally, with President Trump’s “total reset” comment on trade talks in Switzerland further energizing markets. Ethereum joined the surge, breaking out of a prolonged downtrend, though investor caution lingers. Meanwhile, regulatory headlines and state-level policy shifts are reshaping the broader crypto landscape.

Bitcoin Soars on Global Peace Hopes and Trade Breakthroughs

Bitcoin surged to just under $105,000 late Saturday, fueled by a trio of optimistic global headlines: a ceasefire between India and Pakistan, signs of progress in U.S.-China trade talks, and a possible breakthrough in Ukraine-Russia negotiations. President Trump’s upbeat comments on trade discussions in Switzerland, calling the talks a “total reset,” were especially market-moving. Ether also rallied, rising 7.7% over the past 24 hours, as crypto markets responded positively to the improved macro environment.

Ethereum Breakout: Rally Sparks Hopes Despite Skeptics

Ethereum (ETH) surged 40% last week, ending a 10-week downtrend and triggering widespread short liquidations. Despite the sharp rally, demand for ETH derivatives and spot ETFs remains muted, signaling cautious investor sentiment. Futures premiums and ETF flows show little follow-through, reflecting broader skepticism. Still, Ethereum maintains its lead in decentralization. A political shift—President Trump distancing himself from altcoin lobbyists—may support further gains, with a move higher plausible if market sentiment turns more favorable.

Technical Analysis

Bitcoin’s recovery from the April 6 low of $74,377.98 has gathered significant momentum, climbing over 22% and decisively breaking above the 61.8% Fibonacci retracement level at $96,360.68. The rally is supported by a technically strong structure, with four consecutive weeks of higher highs.

A bullish crossover has emerged, with the 20-period EMA rising above the 50-period EMA, while the Momentum Oscillator remains firmly above 100, indicating strong upward pressure. The RSI’s position above the 50-mark reinforces continued buying strength. However, a developing bearish divergence between momentum and price action suggests the current leg may be nearing exhaustion, raising the risk of a short-term pullback or consolidation phase.

Should bullish momentum continue, resistance levels to watch include $109,899.00, followed by $112,429.77 and $120,249.93. In the event of a reversal, initial support is located at $100,914.75, with further downside targets at $97,776.26 and $88,658.18.

UK Sets Stage to Become Global Crypto Safe Haven with Bold New Rules

The UK has introduced draft rules to regulate cryptocurrencies under its securities laws, aiming to become a global hub for digital assets. Announced by Finance Minister Rachel Reeves, the proposal includes six new regulated activities like trading, custody, and staking, requiring crypto firms to meet transparency and consumer protection standards. The approach marks a stricter stance than the EU’s MiCA, bringing crypto under the Financial Services and Markets Act. Industry leaders view the move as a positive step toward regulatory clarity, though concerns remain over stablecoin classification and the impact on DeFi. Final rules are expected by 2026.

States Say ‘No’ to Bitcoin Reserves as Crypto Bills Stall Nationwide

A growing number of U.S. states—including Arizona, Florida, and Oklahoma—have recently rejected or stalled legislation that would allow public funds to be invested in Bitcoin. Despite over half the states introducing crypto reserve bills, many efforts have failed due to concerns over volatility and fiduciary responsibility. While some states like New Hampshire have passed such measures, others—including Utah, South Dakota, and Pennsylvania—have either pulled bills or seen them voted down. Roughly 30 similar proposals remain under consideration across the country.

Conclusion

Crypto markets are riding a renewed wave of optimism, propelled by global diplomatic progress and signs of regulatory evolution. Bitcoin’s surge past $100,000 and Ethereum’s technical breakout reflect improving sentiment, though caution persists beneath the surface. As geopolitical stability improves and regulatory frameworks take shape—from the UK’s bold new rules to U.S. state-level pushback—the crypto landscape is entering a phase of recalibration. Whether this momentum sustains will depend not just on market structure, but on how well policy, macro conditions, and investor conviction align in the weeks ahead.