Bitcoin Nears $100K as Trump Hints at Major Trade Deal
Bitcoin surged close to $100,000 after former#bitcoin President Donald Trump announced an upcoming trade deal with a “big, highly respected country.” Although he did not name the country, many believe it could be the United Kingdom.
This news gave a strong boost to investor confidence, especially since tariff cuts could ease inflation and encourage investments in cryptocurrencies and other high-risk assets.
Trump is expected to reveal more details at a press conference at 10 a.m. ET, calling this the “first of many” trade agreements.
Bitcoin rose over 5% in the last 24 hours, continuing a weeklong rally.
The rally is supported by:
Falling bond yields
Weaker U.S. dollar
Institutional investments in Bitcoin ETFs
The market is reacting positively to signs of improved economic conditions and potential political support for crypto.
Context Behind the Surge
The U.S. is under pressure to counter China’s economic influence and boost its own manufacturing sector.
Any relaxation in tariffs could help reduce costs and stimulate growth in tech and digital assets like Bitcoin.
At the time of writing, Bitcoin is priced at$TRUMP
$98,780.32, just a small jump away from the $100,000 milestone.
