Bitcoin Surges Toward $100K After President Trump Secures U.K. Trade Deal
Bitcoin (BTC) is on the verge of hitting the historic $100,000 mark, soaring to nearly $99,316 following President Donald Trump's announcement of a "full and comprehensive" trade agreement with the United Kingdom. The news has reignited global investor confidence, sending both traditional markets and cryptocurrencies into a bullish rally.
The deal, which aims to remove tariffs and strengthen economic ties between the U.S. and U.K., is seen as a major step in reducing global trade uncertainty. Market analysts suggest this geopolitical development, paired with the Federal Reserve's steady interest rate policy, is creating ideal conditions for risk-on assets like Bitcoin.
Ethereum (ETH), XRP, and other major cryptocurrencies have also seen a boost, reflecting a broader optimism across digital assets. Bitcoin, in particular, has gained momentum with strong technical indicators pointing to a breakout above the $100K resistance level—potentially setting the stage for a push toward $105,000.
As institutional and retail interest flood back into the crypto space, President Trump's trade victory may have delivered the catalyst needed for Bitcoin’s next leg up.
