Bitcoin Smashes $101K as Trump’s Trade Deal Fuels Crypto Rally—Wall Street Still Won’t Admit It’s Real

Bitcoin just bulldozed past $101,000—again—proving six-figure prices aren’t a fluke. The surge coincides with Trump confirming a US-UK trade deal, sparking speculation that institutional money is fleeing traditional markets for harder assets.

Meanwhile, goldbugs and central bankers scramble to explain why their ’safe havens’ are underperforming a ’speculative bubble.’ Spoiler: they’ll blame volatility, not their own outdated playbooks.

Trade deal eases tariff concerns

The announcement of a comprehensive trade deal between the US and the UK, aimed at reducing tariffs and boosting financial cooperation, provided a fresh tailwind to already-rising markets. Trump also hinted at upcoming deals with the EU and other major economies.

Equities, commodities, and risk assets, including crypto, saw a broad-based uptick as investors digested the news. The easing macroeconomic landscape, combined with the expectation of the Fed easing monetary policy in the coming months, has reignited risk-on sentiment among investors.

Capital inflows into bitcoin exchange-traded products have continued to accelerate. Data from ETF issuers shows that several spot Bitcoin funds in the US collectively attracted over $1.4 billion in new assets last week alone.

Institutional portfolios, including pension funds and endowments, have been increasing exposure amid shifting inflation expectations and softening Federal Reserve rhetoric.

Shares of companies tied to the digital asset space also climbed on the news. Coinbase gained over 5.6% in early trading, while Strategy was up more than 7% as of press time.

Cautious optimism

Bitcoin’s new milestone follows a period of sideways consolidation that saw wild swings in price levels after reaching an all-time high of $110,000.

While momentum had stalled amid concerns over US regulatory uncertainty, recent comments from lawmakers signaling support for clearer market structure have reignited Optimism across the sector.

Despite the enthusiasm, investors remain cautious that Bitcoin’s six-figure threshold is as much a psychological marker as a technical one. BTC WOULD have to sustain itself above $102,000, which is currently a key resistance level.

Still, the milestone caps a remarkable run for Bitcoin, which was trading below $20,000 as recently as late 2022. The current rally is another showcase of how quickly sentiment can shift in digital asset markets and how deeply embedded crypto has become in the global financial system.