On Thursday morning, Bitcoin approached $100,000 as President Donald Trump announced that a tariff deal with a "great, very respected country" would soon be revealed.

The identity of the country in question remains unclear. Nevertheless, some reports say that the easing of tariffs in the UK is believed to alleviate inflationary pressure and improve the backdrop for investing in crypto, technology, and other high-beta assets.

Over the past 24 hours, Bitcoin has risen by more than 5%, continuing its weekly rally amid improving macroeconomic conditions.

A combination of falling bond yields, a weakening dollar, and a resurgence of institutional flows into spot Bitcoin ETFs has fueled the increase.

This statement also came amidst growing political pressure on US leaders to counter China's rising influence and revive domestic manufacturing. While all details remain under wraps, any tariff rollback could quickly push up prices for risk assets.