Bitcoin Smashes $100K Barrier as Trump’s Trade Deal Sends Markets Into Frenzy
Digital gold just got a political tailwind—BTC rockets past six figures amid White House trade announcement. The ultimate hedge play or another speculative bubble? Wall Street analysts are already scrambling to downgrade their ’impossible’ price targets.
Trade deal euphoria meets crypto liquidity: Trump’s move triggers classic risk-on behavior, with altcoins now playing catch-up. Meanwhile, gold bugs quietly sob into their physical bullion.
Pro tip: When politicians and crypto start trending together, check your wallet—and your pulse. The last time markets moved this fast, Robinhood’s servers crashed.
Donald Trump Signs a Trade Deal With the UK
Today, Trump announced the first deal since his administration’s sweeping tariff program began last month. The US president said that his government reached an agreement with the UK, and several other deals are in the final stages.
The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come. Because of our long time history and allegiance together, it is a great honor to have the United…
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) May 8, 2025A Reuters report indicates the agreement will reduce US‑UK duties on steel and autos, easing supply‑chain inflation fears that have dogged risk assets since the tariff shock.
Risk‑on sentiment spilled into crypto, with more than $492 million in short positions liquidated across derivatives venues in the past 24 hours, according to CoinGlass data.
Traders now eye $105,000 as the next resistance. Should Trump’s deal materialize without surprises, bulls argue the path to $120,000 could open quickly