Shocking! Bitcoin surges towards the $100,000 mark, Trump's trade agreement may become a catalyst!
As Donald Trump is about to announce a significant trade agreement with the UK, Bitcoin prices soar, market sentiment is optimistic, and many predict that Bitcoin is about to break through the $100,000 mark, setting a new historical high.
Trump's 'major agreement' boosts Bitcoin prices
On May 7, Trump revealed through social media that he would announce an important trade agreement with a 'great and respected country' on May 8. According to the New York Times, this country is the UK. Immediately, Bitcoin prices soared from $97,759 to nearly $100,000, with the market speculating that this agreement may have already influenced Bitcoin's trend in advance.
Bitcoin moves towards $100,000: Market sentiment soars
At that time, Bitcoin's trading price was $99,140, and many analysts and investors believed that Trump's statement provided momentum for the rise in Bitcoin prices. The CFO of Australian cryptocurrency exchange BTC Markets stated that Bitcoin is rising against the general bearish market, suggesting that prices may have reached a new bottom and are ready for higher upward potential.
Higher targets are just around the corner
Some analysts believe that Bitcoin may break through $100,000, and even aim for higher targets. Cryptocurrency entrepreneur Anthony Pompliano stated that this agreement could mean Bitcoin is likely to set a new historical high in 2025. In the past, Bitcoin peaked at $109,000 before Trump took office.
Short-term rebound and market confidence
Bitcoin's price touched the $80,000 mark on April 11 and then rebounded to over $90,000 on April 22. Although Trump has requested the Federal Reserve to maintain interest rates, the market seems more optimistic about cryptocurrencies, with the fear and greed index reaching 65, indicating a positive shift in market sentiment.
Summary: Trump's upcoming trade agreement may be a catalyst for Bitcoin prices to break through $100,000, and Bitcoin may encounter more opportunities for growth in the coming weeks.
