$BTC

$BTC The significant increase in Bitcoin is the result of multiple favorable factors resonating together:

1. Trade Agreement Boosts Confidence: On May 8 local time, the UK and the US reached an important trade agreement, significantly reducing tariffs on UK car exports to the US from 27.5% to 10%, while also eliminating tariffs on steel and aluminum products. This measure greatly boosted confidence in global risk assets, with the three major US stock indices closing higher, and the Nasdaq rising over 1%, driving the cryptocurrency market to strengthen in tandem, significantly enhancing investors' risk appetite.