#BTCBreaks99K Surge Towards $100K Before Trump's UK Trade Deal Announcement

- Bitcoin (BTC) is approaching the significant 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 "great 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 CoinMarketCap data — just shy of 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.

Historically, stable interest rates combined with geopolitical optimism have enhanced Bitcoin's appeal as a hedge against fiat depreciation and global instability.

Adding to the momentum:

The Crypto Fear & Greed Index has risen to 65 (“Greed”), signaling improved sentiment.