{"id":65053,"date":"2025-05-09T06:00:27","date_gmt":"2025-05-09T06:00:27","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=65053"},"modified":"2025-05-09T06:00:27","modified_gmt":"2025-05-09T06:00:27","slug":"trumps-6-billion-trade-deal-with-the-uk-pushes-bitcoin-past-100000","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=65053","title":{"rendered":"Trump\u2019s $6 Billion Trade Deal With The UK Pushes Bitcoin Past $100,000"},"content":{"rendered":"

Bitcoin (BTC), the market\u2019s leading cryptocurrency, has surpassed the $100,000 mark for the first time since February, driven by a notable shift in President Donald Trump\u2019s tariff policies<\/a>, which sparked renewed optimism in the crypto market.<\/p>\n

Bitcoin Only 6% Off Its All-Time High<\/h2>\n

Over the past months, aggressive tariff strategies implemented by Trump negatively impacted cryptocurrency prices, with Bitcoin experiencing a significant correction. The digital asset dropped to as low as $74,000, marking a 25% decline from its record high of $109,000 reached in January.\u00a0<\/p>\n

However, the President\u2019s decision to pause his so-called \u201ctariff war\u201d has led to a remarkable rebound in crypto prices boosted by a $6 billion trade deal with the UK announced <\/a>on Thursday.\u00a0<\/p>\n

In the thirty-days time frame, the market\u2019s largest cryptocurrency has recorded a staggering 31% price surge, positioning it just 6.7% below its all-time high. Antoni Trenchev, co-founder of the crypto exchange Nexo, remarked<\/a>:\u00a0<\/p>\n

Bitcoin has not only reclaimed $100,000 for the first time in three months but has also reaffirmed its status as the ultimate bouncebackable asset as the prospects for US trade deals brighten.<\/p>\n

Other major cryptocurrencies have also benefited from this shift. Ethereum <\/a>(ETH) has regained the $2,000 mark for the first time since late March, experiencing a 12% surge in just 24 hours, while Dogecoin (DOGE) followed closely with an 11% increase.\u00a0<\/p>\n

Trenchev pointed out that Bitcoin\u2019s recent performance is bolstered by a supportive pro-crypto administration and increased buying interest from spot-exchage-traded fund (ETF) investors. He noted that Bitcoin\u2019s outperformance against US equity benchmarks in 2025 reinforces its status as a resilient and safe-haven asset.<\/p>\n

Analysts Warn Of Challenges Ahead Amid Global Uncertainty<\/h2>\n

Despite the current bullish sentiment<\/a>, Trenchev cautioned that Bitcoin\u2019s resilience will be tested amid an uncertain global macroeconomic and geopolitical environment.\u00a0<\/p>\n

Rising tensions between India and Pakistan pose potential risks, while the US Federal Reserve (Fed) remains cautious about cutting interest rates amid concerns over unemployment and inflation.<\/p>\n

Since the introduction of the tariff policy in early April, Bitcoin has gained more than 16%, while spot gold has risen nearly 6%, and the S&P 500<\/a> has seen only marginal gains, illustrating Bitcoin\u2019s growing appeal as a hedge against traditional market fluctuations.<\/p>\n

In order to confirm its upward trend, analysts predict that Bitcoin will need to break above its January high of over $109,350. According to Trenchev, the cryptocurrency\u2019s price might stay between $70,000 and $109,000 for the months following the election.\u00a0<\/p>\n

Nevertheless, he emphasized that reclaiming the $100,000 milestone is a significant achievement for Bitcoin. \u201cBuying during peak fear\u2014just last month Bitcoin was languishing around $74,000\u2014can be exceptionally lucrative,\u201d he concluded.<\/p>\n

Featured image from DALL-E, chart from TradingView.com <\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC), the market\u2019s leading cryptocurrency, has surpassed the $100,000 mark for the first time since February, driven by a notable shift in President Donald Trump\u2019s tariff policies, which sparked renewed optimism in the crypto market. Bitcoin Only 6% Off Its All-Time High Over the past months, aggressive tariff strategies implemented by Trump negatively impacted […]<\/p>\n","protected":false},"author":0,"featured_media":65054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65053"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65053"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/65054"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}