$BTC Bitcoin (BTC) is approaching the important psychological milestone of $100,000, driven by increasing optimism about a forthcoming trade deal between the United States and the United Kingdom, which is 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 "great and respected nation." Multiple sources, including The New York Times, confirmed 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 CoinMarketCap data — just below its all-time high of $109,000 recorded on January 20, the day of Trump's inauguration.

- Federal Reserve's Decision Adds Momentum

Trump's trade post appeared 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.