Bitcoiners believe that Bitcoin will soon surpass $100,000, and could even reach an all-time record high. This is because US President Donald Trump plans to announce a UK trade agreement.
Trump said Truth Social posted on May 7 that the aforementioned a “major trade deal” With the a “big, and highly respected, country” The New York Times announced the announcement on 8 May. reported Three people with knowledge of the plans said that the UK would likely be involved.
Bitcoins near $100,000
Bitcoin was a big hit when Trump posted his tweet.BTCThe price of the stock (which was around $97 759 at the time) has crept closer towards the psychological level of $100,000, trading at $99 140 at the moment. according CoinMarketCap Data
Bitcoiners attribute the rise to $100,000 in Bitcoins to the speculation around the trade agreement.
FOMO21 co-founder Neil Jacobs said On X it was stated that Trump’s statement had a major impact on the Bitcoin price rally.
Anthony Pompliano is a crypto entrepreneur said The upcoming trade agreement “means odds are increasing we hit new all-time highs in 2025.”
Bitcoin’s current high was $109,000 just hours before Trump’s inauguration.
Pandora CEO Sahib Anandsongvit said He is a he “can’t stop to think” Bitcoin only traded at $80,000 a few short weeks ago, before noting the $98,000 Bitcoin price when the post was made and reinforcing Trump’s imminent trade agreement. Bitcoin’s price last reached $80,000 in April and returned to $90,000.
Related: Bitcoin returns to $98K as Fed holds rates steady despite Trump’s demand
Trump’s tweet came only hours after US Federal Reserve had announced it would maintain interest rates between 4.25% – 4.50%. despite mounting pressure from Trump Interest rates are lower.
Bitcoin is still below $100,000, but it has only been since February 1, after Trump proposed import tariffs China, Canada, and Mexico. Meanwhile, crypto market participants appear to be more bullish on the overall market, with the Crypto & Fear Index reading a “Greed” The score is 65.
Bitcoin’s 3 percent increase in the last 24 hours led to $96 millions of short positions being liquidated. according CoinGlass Data
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Source: cointelegraph.com
