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Bitcoin Smashes $100K Barrier After Trump’s ’Maxed-Out’ UK Deal—Brace for Turbulence

Bitcoin Smashes $100K Barrier After Trump’s ’Maxed-Out’ UK Deal—Brace for Turbulence

Author:
Cryptonews
Published:
2025-05-08 18:58:19
7
1

Bitcoin just staged a moonshot past the psychological $100,000 mark—fueled by rumors of a Trump-linked UK deal hitting its debt ceiling. Traders are now scrambling as volatility indicators flash red.

Was this rally built on political hype or real institutional demand? Either way, the suits on Wall Street are suddenly pretending they ’always believed’ in crypto—right after liquidating their short positions.

Buckle up. When BTC moves this fast, the corrections hurt even more than the FOMO.

Bitcoin Surges Past $100K on Trump Trade Deal

The crypto market wasted no time responding. Bitcoin surged above $100,000 in early morning trading, while Ethereum and a host of altcoins followed suit. Analysts believe the deal’s implications for easing global trade tensions have injected new optimism into risk-on assets.

Nic Puckrin, crypto analyst and founder of The Coin Bureau, noted the timing of the rally. “Traders this morning are waking up to green candles—but not because of anything Fed Chair Jerome Powell said in yesterday’s FOMC press conference,” he said.

“What the market cares about much more than interest rates is the rhetoric around tariffs, and President Trump has just thrown risk assets a big lifeline.”

Spot Bitcoin ETFs See Strong Flows

However, Puckrin struck a note of caution. “It’s quite likely the announcement will be lacking in concrete details, which could be anticlimactic. Plus, at the moment, BTC is rallying on low volume, which is a recipe for short-term volatility.”

He added that the broader outlook remains positive, citing strong flows into spot Bitcoin ETFs and increased institutional interest. “It’s shaping up to be a strong month, but prepare for some wild swings in either direction.”

The market’s Optimism was echoed by Charles Wayn, co-founder of Galxe, a leading Web3 growth platform. “Today’s announcement of U.S. tariff concessions for the UK and potentially the UAE is great news for the crypto industry,” said Wayn.

“This uncertainty halted a crypto bull market many thought WOULD last until at least July, and has particularly impacted altcoins.”

Wayn sees the new trade agreement as potentially the first of several. “With more deals and concessions will come more certainty and better market conditions. And so, the bull market may revive yet, and altseason could still be on the horizon.”

While traders wait for more details on the trade deal and monitor its Ripple effects across global markets, the mood in crypto has undoubtedly shifted. For now, sentiment is bullish, but as ever in crypto, volatility lurks just beneath the surface.

Is this the beginning of a sustained breakout, or simply another peak in a year already defined by turbulence? Markets will be watching closely.

|Square

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