Favorable tariff decisions can ease concerns around mounting costs, which may impede appetite for investing in risk assets
What to know:
Bitcoin surged close to $100,000 following President Trump's announcement of an impending trade deal with a major country.
The trade deal announcement is expected at a news conference, with speculation pointing to the U.K. as the involved country.
Bitcoin's rally is supported by improving macroeconomic conditions, including falling bond yields and a weakening dollar.
Bitcoin zoomed close to $100,000 early Thursday as President Donald Trump said a tariff deal with a “big, highly respected country” is to be announced soon
