Bitcoin Defies Gravity at $102K as Trump-UK Trade Deal Fuels XRP, ETH, SOL Rally

Crypto markets shrug off macro noise—again. Bitcoin holds firm above six figures while altcoins catch fire on political tailwinds. Because nothing pumps digital assets like geopolitical theater and trade deals brokered by reality TV alumni.

XRP leads the charge with a 12% surge, ETH tests $3.8K resistance, and SOL flips Cardano in the ’which ghost chain will rise from the dead’ sweepstakes. All while Wall Street analysts still can’t decide if this is a bull trap or the start of the ’supercycle.’

Pro tip: When former presidents start tweeting about crypto, it’s either time to ape in—or run for the exits. Your leveraged long’s funeral.

Trump’s Trade Softening Boosts Bitcoin, ETH, XRP and SOL

This is the first formal agreement since Trump began imposing tariffs in February, launching what many described as a fresh round of trade hostilities. However, the administration’s recent 90-day pause on new tariffs, aimed at opening room for negotiations, has created optimism among investors hoping for further deals.

Bitcoin was not alone in its climb. Ether jumped 16.4% to $2,218, while XRP rose 6.3% to$2.31. solana also posted a 7.3% gain, trading at $162.07. Analysts attributed the broader crypto rally to both macroeconomic tailwinds and increasing institutional involvement.

Bitcoin Still Holds Bullish Trajectory With Geopolitical Risks Looming

Standard Chartered’s Geoffrey Kendrick said risk sentiment no longer drives Bitcoin’s price. “It is now all about flows, and flows are coming in many forms,” he said, pointing to strong buying from institutional players and inflows into spot Bitcoin ETFs.

Kendrick added that his earlier target of $120,000 for the second quarter may have underestimated Bitcoin’s momentum.

Other experts pointed to the Federal Reserve’s recent decision to hold interest rates steady.

James Toledano, chief operating officer of Unity Wallet, said the move has pushed investors to look for alternative assets in an uncertain economic landscape, with bitcoin being “attractive.”

Toledano also noted that the US-UK deal has strengthened confidence across global markets.

“The sense is that if President Trump is doing a deal with the UK then this will be rolled out to others soon,” he said. “But this certainly gives us reason for optimism which will foster a risk-on environment that benefits assets like Bitcoin.”

While the outlook has improved, risks remain. Ongoing geopolitical tensions, including the recent flare-up between India and Pakistan, could still weigh on market sentiment.

For now, however, Bitcoin’s return to six figures has renewed bullish expectations across the digital asset space.