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Bitcoin Breaches $100K Threshold as Trump Announces UK Trade Deal—Just as Predicted by Crypto Bulls

Bitcoin Breaches $100K Threshold as Trump Announces UK Trade Deal—Just as Predicted by Crypto Bulls

Published:
2025-05-08 06:52:53
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Market euphoria hits fever pitch as Bitcoin’s parabolic rally defies gravity—and traditional finance skeptics—on the back of geopolitical tailwinds.

Trade deal catalyst: The impending US-UK agreement fuels institutional FOMO, with crypto markets interpreting the news as dollar-weakening policy at play. Because nothing pumps digital assets like old-school economic diplomacy.

Wall Street analysts scramble to update price targets while Bitcoin maximalists smugly retweet their 2018 ’hyperbitcoinization’ takes. The irony? This ATH comes not from crypto-native adoption, but from fiat system maneuvering.

As the orange coin eats zeros, one question lingers: When will the suits realize they’re trading monetary sovereignty for Trumpian headline volatility?

Bitcoin inches toward $100,000

When Trump published his post, Bitcoin (BTC) was trading at around $97,759 and has since crept up closer to the psychological $100,000 price level to trade at $99,140 at the time of publication, according to CoinMarketCap data.

Bitcoin is trading at $99,140 at the time of publication. Source: CoinMarketCap

Several Bitcoiners are crediting the rally toward $100,000 to speculation surrounding the trade deal.

FOMO21 co-founder Neil Jacobs said on X that the Bitcoin rally was primarily due to Trump’s announcement. 

Crypto entrepreneur Anthony Pompliano said the incoming trade deal “means odds are increasing we hit new all-time highs in 2025.” 

Bitcoin reached its current all-time high of $109,000 on Jan. 20, just hours before Trump’s inauguration.

Pandora CEO Sahib Anandsongvit said that he “can’t stop to think” how Bitcoin was $80,000 only a few weeks ago before pointing out Bitcoin’s $98,000 price at the time of the post and reiterating Trump’s looming trade deal. Bitcoin last traded at the $80,000 price level on April 11 and only reclaimed $90,000 on April 22.

Trump’s post came just hours after the US Federal Reserve announced that it would keep interest rates at 4.25% to 4.50% despite mounting pressure from Trump to lower interest rates.

Bitcoin has not hit $100,000 since Feb. 1 after Trump proposed import tariffs on 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” score of 65.

Bitcoin’s 3% increase over the past 24 hours has led to approximately $96 million in short positions liquidated, according to CoinGlass data.

|Square

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