$BTC Bitcoin Approaches $100K as Markets Eye Major U.S. Trade Deal Announcement
Bitcoin surged near the $100,000 milestone on Thursday following remarks from former U.S. President Donald Trump, who hinted at a forthcoming trade agreement with a prominent global partner.
Trump is scheduled to unveil what he described as the first in a series of “major” trade deals during a press conference at 10 a.m. ET. While the country involved hasn’t been officially named, market chatter suggests it could be the United Kingdom.
The prospect of reduced tariffs is seen as a potential catalyst for easing inflationary pressures, boosting market sentiment toward risk assets like cryptocurrencies and tech stocks.
The recent upswing in Bitcoin—over 5% in the last 24 hours—continues a broader rally driven by favorable macroeconomic conditions. Declining bond yields, a softer U.S. dollar, and renewed interest in spot Bitcoin ETFs$ETH
have all played roles in bolstering investor confidence.
This development also comes amid growing political urgency in the U.S. to respond to China’s economic expansion and revitalize domestic industries. Although specifics of the deal remain undisclosed, any reduction in tariffs could be a positive signal for the crypto market and risk-on assets in general.
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