Bitcoin (BTC) has finally reached the $100,000 mark on major exchanges for the first time since February, before pulling back slightly due to profit-taking.
The breakthrough gained momentum as US Federal Reserve interest rates remained stable, and President Trump announced positive shifts in tariff agreements with several countries.
Donald Trump signs a trade agreement with the United Kingdom
Today Trump announced the first agreement since his administration began a large-scale tariff program last month. The US President noted that his government has reached an agreement with the United Kingdom, and several other deals are in the final stages. A Reuters report indicates that the agreement will reduce tariffs between the US and the UK on steel and cars, alleviating concerns about inflation in supply chains that have haunted risk assets since the tariff shock.
Risk sentiment has spread to the crypto industry, with over $492 million in short positions liquidated on derivative platforms in the last 24 hours, according to CoinGlass data. Traders are now viewing $105,000 as the next resistance level. If Trump's deal materializes without surprises, bulls claim that the path to $120,000 could quickly open up.#BinanceSquare #Write2Earn #BTCBackto100K #BTCtrade #TradeStories $BTC