Bitcoin surged close to the $100,000 milestone on Thursday following U.S. President Donald Trump’s announcement of an imminent trade deal with what he described as a “big, highly respected country.” The statement, made just hours before a scheduled press conference, has sent waves through global markets, igniting a rally in cryptocurrencies and other risk assets.
While the exact country remains unnamed, multiple reports suggest the United Kingdom may be involved. The announcement, expected at 10 a.m. ET, is being touted as the “first of many” major deals aimed at reshaping U.S. trade dynamics.
What’s Fueling the Rally?
Bitcoin has gained over 5% in the past 24 hours, extending a broader weeklong rally. Several macroeconomic factors are contributing to this upward momentum:
- Falling bond yields
- A weakening U.S. dollar
- Increased institutional interest, particularly through spot Bitcoin ETFs
These conditions are creating a favorable environment for high-risk, high-reward investments, with Bitcoin leading the charge.
Why This Trade Deal Matters
A reduction in tariffs—especially between major economies like the U.S. and U.K.—could ease inflationary pressures, lower costs for businesses, and increase investor appetite for technology, crypto, and other high-beta assets.
This also comes at a time when U.S. leaders are under rising political pressure to counter China’s economic influence and revive domestic manufacturing. A successful trade agreement could shift global market dynamics and further reinforce the bullish outlook on digital assets.
Looking Ahead
With Bitcoin closing in on six figures and broader markets reacting positively to the trade developments, all eyes are on Trump’s upcoming press conference. If the deal includes tariff rollbacks or new trade incentives, we could see Bitcoin breach the $100,000 threshold sooner than expected.
As geopolitical and macroeconomic forces continue to evolve, investors should stay alert. Whether you’re a crypto enthusiast or a traditional market participant, this could mark a pivotal moment for risk assets in 2025.
For those looking to explore promising opportunities in the cryptocurrency market, check out our article on the 5 Cryptocurrencies Poised to Soar in the Next Bull Run: Aureal One Leads the Pack