#BTCBreaks99K 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, 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 nation in question is the United Kingdom.

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

- The Federal Reserve's Decision Adds to 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.