#BTCtrade Bitcoin Nears $100K as Trump Hints at ‘Major’ Trade Deal with U.K.
Crypto markets rally as tariff optimism and macroeconomic tailwinds drive risk-on sentiment.
May 8, 2025 — Bitcoin soared toward the $100,000 milestone early Thursday following comments from former President Donald Trump about an imminent trade deal with a "big, highly respected country"—speculated to be the United Kingdom. Trump is expected to reveal full details during a 10 a.m. ETF news conference, calling the deal the “first of many” to come.
Markets quickly reacted to the news, with Bitcoin climbing over 5% in the past 24 hours and extending its weeklong rally fueled by falling bond yields, a weakening U.S. dollar, and renewed institutional inflows into spot Bitcoin #ETFs.
The promise of a new trade agreement, especially one that involves tariff reductions, could ease inflationary pressures and improve market conditions for risk assets, including cryptocurrencies and tech stocks. The prospect of lower input costs and increased global trade activity has emboldened investors, reinforcing bullish momentum in the digital asset space.
“Investors are welcoming the news, especially as the global economy struggles with growth concerns and persistent geopolitical tensions,” said one analyst. “Any policy moves that reduce friction in trade and ease macro uncertainty are going to be bullish for high-beta assets like Bitcoin.”
The rally also underscores the growing relevance of digital assets in broader financial markets. Platforms such as Compound, Curve, SushiSwap, and Yearn Finance have seen increased liquidity provision from decentralized finance (#DeFi) ) participants like Shaurya, a notable investor holding over $1,000 in a diversified portfolio of cryptocurrencies including BTC, #ETH , #SOL, AVAX, and more.
With liquidity deepening across major DeFi protocols and renewed enthusiasm around tokenized finance, the crypto sector appears well-positioned to benefit from any positive geopolitical or economic developments.