#BTCBreaks99K
The latest surge in Bitcoin profits came alongside risk-driven markets in general, after Trump announced that he would unveil a "major" trade agreement on Thursday.
A report from the New York Times (NYSE:NYT) indicated that the agreement will be with the United Kingdom, a country that is not subject to Trump's reciprocal tariffs and has a trade deficit with the United States.
Still, Trump stated that the trade agreement was "the first of many," raising hopes that the U.S. would reach agreements with several other major economies, such as Japan and the European Union. Such a move could mitigate the economic consequences of Trump's tariff agenda.
U.S. and Chinese officials are also scheduled to talk later this week about trade and other economic issues. However, the likelihood of a trade agreement between China and the U.S. seemed unlikely, especially given that both Washington and Beijing have maintained harsh rhetoric over their bitter trade war.
