Bitcoin ($BTC ) is approaching the significant $100,000 milestone, trading at approximately $98,915 as of May 8, 2025. This surge follows President Donald Trump's announcement of an impending "major" trade deal, speculated to be with the United Kingdom, aimed at reducing tariffs and stimulating global economic growth.
(CoinDesk
Investor's Business Daily
TokenPost)
The anticipation of this trade agreement has bolstered investor confidence, leading to a notable uptick in risk assets, including cryptocurrencies. Concurrently, the Federal Reserve's decision to maintain interest rates has further supported bullish sentiment in the market.
(FX Leaders)
Analysts suggest that Bitcoin's current momentum, driven by favorable macroeconomic conditions and positive market sentiment, could propel it beyond the $100,000 threshold in the near term.
Investors are advised to monitor upcoming developments, including the official announcement of the trade deal and its potential implications on global markets.