Bitcoiners hope that Bitcoin will soon break the past $ 100,000 and potentially hit a new all-time high while US President Donald Trump is set to announce a trade deal in the UK.
Trump Says In a post on the reality of May 7 that a “basic trade deal” with a “large, and highly respected, country” will be announced on May 8, which is the New York Times reported Is the UK, citing three people who are familiar with the plans.
Bitcoin inches towards $ 100,000
When Trump published his post, Bitcoin (Btc) traded around $ 97,759 and from closer to the psychological $ 100,000 price level to trade at $ 99,140 at the time of publication, According to In CoinMarketCap data.
Many Bitcoiners credited the rally to $ 100,000 in the Maka -haka surrounding the trade deal.
Fomo21 co-founder neil jacobs Says In X that the Bitcoin rally is mainly due to Trump’s announcement.
Crypto businessman Anthony Pomplano Says The incoming trade deal is “means that the odds are rising that we have hit new hours high in 2025.”
Bitcoin reached the current all-time high of $ 109,000 on January 20, hours before Trump’s inauguration.
Pandora CEO Sahab Anandsongvit Says That he “couldn’t help but think” how Bitcoin was just $ 80,000 a few weeks ago before pointing out the $ 98,000 price of Bitcoin at the time of the post and re -considers Trump’s trade deal. Bitcoin last exchanged for a $ 80,000 price level on April 11 and only reclaimed $ 90,000 on April 22th.
Related: Bitcoin returns to $ 98k while Fed holds rates firmly despite Trump’s request
Trump’s post arrives just hours after the US Federal Reserve announces that it will keep interest rates at 4.25% to 4.50% Despite the pressure mounted from Trump to lower interest rates.
Bitcoin has not hit $ 100,000 since Feb. 1 Then Trump suggested importing tariffs in China, Canada and Mexico. Meanwhile, participants in the crypto market appear to be more bullish in the general market, along with the Crypto & Fear Index reading a “greed” score of 65.
Bitcoin’s 3% increase in the past 24 hours led to approximately $ 96 million in short liquid positions, According to in coinglass data.
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