Bitcoin nears $100K as Trump set to reveal trade deal with UK


Bitcoiners count on Bitcoin to quickly break previous $100,000 and probably hit a brand new all-time excessive as US President Donald Trump is ready to announce a commerce take care of the UK.

Trump said in a Could 7 Fact Social publish {that a} “main commerce deal” with a “large, and extremely revered, nation” could be introduced on Could 8, which The New York Occasions reported could be the UK, citing three individuals acquainted with the plans.

Bitcoin inches towards $100,000

When Trump printed his publish, Bitcoin (BTC) was buying and selling at round $97,759 and has since crept up nearer to the psychological $100,000 value stage to commerce at $99,140 on the time of publication, according to CoinMarketCap information.

Cryptocurrencies, Bitcoin Price, Markets
Bitcoin is buying and selling at $99,140 on the time of publication. Supply: CoinMarketCap

A number of Bitcoiners are crediting the rally towards $100,000 to hypothesis surrounding the commerce deal.

FOMO21 co-founder Neil Jacobs said on X that the Bitcoin rally was primarily as a consequence of Trump’s announcement. 

Crypto entrepreneur Anthony Pompliano said the incoming commerce deal “means odds are growing we hit new all-time highs in 2025.” 

Bitcoin reached its present all-time excessive of $109,000 on Jan. 20, simply hours earlier than Trump’s inauguration.

Pandora CEO Sahib Anandsongvit said that he “can’t cease to assume” how Bitcoin was $80,000 just a few weeks in the past earlier than stating Bitcoin’s $98,000 value on the time of the publish and reiterating Trump’s looming commerce deal. Bitcoin final traded on the $80,000 value stage on April 11 and solely reclaimed $90,000 on April 22.

Associated: Bitcoin returns to $98K as Fed holds rates steady despite Trump’s demand

Trump’s publish got here simply hours after the US Federal Reserve introduced that it might preserve rates of interest at 4.25% to 4.50% despite mounting pressure from Trump to decrease rates of interest.

Bitcoin has not hit $100,000 since Feb. 1 after Trump proposed import tariffs on China, Canada and Mexico. In the meantime, crypto market members seem like extra bullish on the general market, with the Crypto & Worry Index studying a “Greed” rating of 65.

Bitcoin’s 3% enhance over the previous 24 hours has led to roughly $96 million briefly positions liquidated, according to CoinGlass information.

Journal: Adam Back says Bitcoin price cycle is’ 10x bigger’, has’ empathy’ for ETF buyers

This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a call.