Bitcoin nears $100K amid growing optimism tied to Donald Trump’s upcoming trade agreement with the UK.
As U.S. President Donald Trump prepares to announce a major trade deal with the United Kingdom , Bitcoin (BTC) is once again testing the critical $100,000 psychological level , fueling speculation among investors and analysts alike.
Source: CoinMarketCap
Trump’s Trade Deal Announcement Boosts Market Sentiment
On May 7, former President Trump posted on Truth Social that a “major trade deal” with a “big, highly respected country” would be revealed on May 8 . According to The New York Times , citing multiple sources, the deal will be with the UK , marking what Trump claims will be the “first of many.”
This announcement appears to have already begun influencing market dynamics, with Bitcoin climbing from $97,759 to nearly $99,140 in the hours following the post, according to CoinMarketCap data.
Analysts Weigh In: Is $100K Already Priced In?
Charlie Sherry, Head of Finance at BTC Markets, noted that while many were expecting a market downturn, Bitcoin moved in the opposite direction:
“Just when consensus leans heavily bearish, price bottoms form and new market structures start to emerge.”
Sherry believes the recent rally may reflect early pricing in of positive macro developments, including Trump’s trade strategy.
Meanwhile, Neil Jacobs , co-founder of FOMO21, attributed the surge directly to Trump’s announcement on social media platform X. Crypto investor Anthony Pompliano also chimed in, suggesting the deal increases the likelihood of new all-time highs by 2025.
Pandora CEO Sahib Anand highlighted how quickly Bitcoin has climbed, recalling its price was only $80,000 a few weeks ago and just $90,000 on April 22 .
Fed Holds Rates Steady Despite Pressure
Trump made his trade announcement shortly after the Federal Reserve decided to hold interest rates steady at 4.25%–4.50% , despite public calls from the former president to cut borrowing costs.
While Bitcoin briefly hit $109,000 in January , it has not surpassed the $100,000 mark since early February, when Trump proposed new tariffs on China, Canada, and Mexico.
Bullish Momentum Returns to Crypto Market
Bitcoin’s recent 3% gain over the last 24 hours has led to around $96 million in short liquidations , signaling strong bullish pressure.
The broader crypto market is also showing signs of renewed confidence, with the Crypto Fear & Greed Index currently at 65 — indicating “Greed” and reflecting growing optimism across the space.
Key Takeaways:
- Bitcoin nears $100,000 ahead of Trump’s UK trade deal announcement.
- Analysts believe the move reflects early pricing in of positive macro developments.
- The crypto market is regaining momentum, with increasing retail and institutional interest.
- A potential breakout above $100K could signal a new bull cycle phase.
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