#CryptoComeback Bitcoin (BTC) is approaching the important psychological milestone of $100,000, driven by increasing optimism about an upcoming trade deal between the United States and the United Kingdom, expected to be announced by President Donald Trump on May 8.

In a post on May 7 on Truth Social, Trump hinted at a "major trade deal" with a "large and respected nation." Multiple sources, including The New York Times, confirm that the country in question is the United Kingdom.

- According to Trump's statement, Bitcoin has risen from $97,759 to $99,140, according to data from CoinMarketCap — just below the all-time high of $109,000 recorded on January 20, Trump's inauguration day.

- Federal Reserve's Decision Adds Momentum

Trump's trade post came just hours after the Federal Reserve kept interest rates steady at 4.25%–4.50%, despite pressure from the Trump administration to begin cutting rates.