{"id":128816,"date":"2025-05-08T06:22:19","date_gmt":"2025-05-08T06:22:19","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128816"},"modified":"2025-05-08T06:22:19","modified_gmt":"2025-05-08T06:22:19","slug":"bitcoin-nears-100k-as-trump-set-to-reveal-trade-deal-with-uk","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128816","title":{"rendered":"Bitcoin nears $100K as Trump set to reveal trade deal with UK"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoiners expect Bitcoin to soon break past $100,000 and potentially hit a new all-time high as US President Donald Trump is set to announce a trade deal with the UK.<br \/>\nTrump said in a May 7 Truth Social post that a \u201cmajor trade deal\u201d with a \u201cbig, and highly respected, country\u201d would be announced on May 8, which The New York Times reported would be the UK, citing three people familiar with the plans.<br \/>\nBitcoin inches toward $100,000<br \/>\nWhen 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.<br \/>\nBitcoin is trading at $99,140 at the time of publication. Source: CoinMarketCapSeveral Bitcoiners and analysts are crediting the rally toward $100,000 to speculation surrounding the trade deal.<br \/>\nAustralian crypto exchange BTC Markets\u2019 head of finance, Charlie Sherry, told Cointelegraph that \u201cas everyone else was looking down and calling for lower,\u201d Bitcoin\u2019s price did the opposite.<br \/>\n\u201cAs is often the case in markets, just when consensus leans heavily bearish, price bottoms form and new market structures start to emerge.\u201d<br \/>\nSherry said it is possible that the trade deal is already getting priced into Bitcoin.<br \/>\n\u201cWhile we may see psychological resistance at the $100k mark, it seems inevitable Bitcoin puts another zero on the board,\u201d Sherry added.<br \/>\nFOMO21 co-founder Neil Jacobs said on X that the Bitcoin rally was primarily due to Trump\u2019s announcement.\u00a0<br \/>\nCrypto entrepreneur Anthony Pompliano said the incoming trade deal \u201cmeans odds are increasing we hit new all-time highs in 2025.\u201d\u00a0<br \/>\nBitcoin reached its current all-time high of $109,000 on Jan. 20, just hours before Trump\u2019s inauguration.<br \/>\nPandora CEO Sahib Anandsongvit said that he \u201ccan\u2019t stop to think\u201d how Bitcoin was $80,000 only a few weeks ago, pointing out Bitcoin\u2019s $98,000 price at the time of the post and reiterating Trump\u2019s looming trade deal. Bitcoin last traded at the $80,000 price level on April 11 and only reclaimed $90,000 on April 22.<br \/>\nRelated: Bitcoin returns to $98K as Fed holds rates steady despite Trump\u2019s demand<br \/>\nTrump\u2019s 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.<br \/>\nBitcoin 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 &amp; Fear Index reading a \u201cGreed\u201d score of 65.<br \/>\nBitcoin\u2019s 3% increase over the past 24 hours has led to approximately $96 million in short positions liquidated, according to CoinGlass data.<br \/>\nMagazine: Adam Back says Bitcoin price cycle is\u2019 10x bigger\u2019, has\u2019 empathy\u2019 for ETF buyers<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-100k-donald-trump-uk-trade-deal-looms?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoiners expect Bitcoin to soon break past $100,000 and potentially hit a new all-time high as US President Donald Trump is set to announce a trade deal with&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128816"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128816"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128816\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128816"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}