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#TradeStories#BTCTrade$BTC) is surging toward the historic $100,000 mark, after jumping to $98,933 on May 8 — a 2.6% rise in just 24 hours — as global markets reacted sharply to a fresh announcement from U.S. President Donald Trump.
On Truth Social, Trump declared he would hold an Oval Office press conference to unveil a “major trade deal” with what he called a “big” and “highly respected” nation, describing the agreement as the “first of many” in a new wave of international deals. While the president withheld specifics, The New York Times reports insiders expect the agreement to be with the United Kingdom, signaling a potential reset in cross-Atlantic trade dynamics.
For crypto markets, this is a significant catalyst. In recent months, tariffs and trade war headlines have weighed heavily on sentiment — rattling both equities and digital assets. Bitcoin, in particular, saw sharp declines after U.S. tariff escalations against China in April, plunging from over $88,000 to a bottom of $74,500. But since then, the crypto king has mounted a steady comeback, powered by renewed ETF inflows, a weakening U.S. dollar, and an improving global risk appetite.
Let’s break it down further:
Macro Tailwinds → The Federal Reserve’s May 7 decision to hold interest rates steady at 4.25%–4.50% delivered welcome relief to markets. Fed Chair Jerome Powell acknowledged