Bitcoin Hits $100K as Trump’s UK Trade Deal Ignites Market Frenzy!
Bitcoin soars past $100K and Dow jumps 250 points after Trump’s UK trade deal sparks optimism. Is crypto’s golden era here? Dive in!
Bitcoin (BTC) reclaimed the $100,000 mark on May 8, 2025, as the Dow Jones Industrial Average surged 250 points, driven by President Donald Trump’s announcement of a major trade deal with the United Kingdom. The crypto market, now valued at over $3.1 trillion, saw altcoins like Ethereum (ETH) and Ripple (XRP) rally, while crypto-related stocks like Coinbase (COIN) and MARA Holdings (MARA) climbed 6-8%. This follows months of volatility tied to Trump’s tariff policies, which had previously dragged Bitcoin below $75,000.
What’s Happening?
Trump’s UK trade deal, hailed as a step toward easing global trade tensions, boosted investor confidence. Bitcoin, which hit an overnight low of $96,100, surged to $101,200, fueled by $3.06 billion in spot Bitcoin ETF inflows and institutional buying from firms like Strategy (MSTR). The deal comes after a 90-day tariff pause in April, which had already lifted markets. Stable macro conditions, with the Federal Reserve holding rates at 4.25%-4.5%, further supported the rally.
Trump’s UK trade deal, hailed as a step toward easing global trade tensions, boosted investor confidence. Bitcoin, which hit an overnight low of $96,100, surged to $101,200, fueled by $3.06 billion in spot Bitcoin ETF inflows and institutional buying from firms like Strategy (MSTR). The deal comes after a 90-day tariff pause in April, which had already lifted markets. Stable macro conditions, with the Federal Reserve holding rates at 4.25%-4.5%, further supported the rally.
Why It Matters
Bitcoin’s $100,000 milestone signals its growing role as a hedge against trade uncertainties and a weakening U.S. dollar, down 9% this year. The trade deal could stabilize equities and crypto, but Bitcoin’s 0.7 correlation with stocks suggests it’s not fully independent. While bulls eye $105,000, a drop below $91,594 could trigger a pullback to $88,000. The broader crypto market benefits, with ETH hitting $2,002.25 and XRP gaining 3%.
Bitcoin’s $100,000 milestone signals its growing role as a hedge against trade uncertainties and a weakening U.S. dollar, down 9% this year. The trade deal could stabilize equities and crypto, but Bitcoin’s 0.7 correlation with stocks suggests it’s not fully independent. While bulls eye $105,000, a drop below $91,594 could trigger a pullback to $88,000. The broader crypto market benefits, with ETH hitting $2,002.25 and XRP gaining 3%.
What’s Next?
If ETF inflows and trade optimism persist, Bitcoin could test $105,000 soon. However, renewed tariff tensions, especially with China’s 125% levies, could spark volatility. Altcoins may continue to ride Bitcoin’s coattails, but investors should stay cautious.
If ETF inflows and trade optimism persist, Bitcoin could test $105,000 soon. However, renewed tariff tensions, especially with China’s 125% levies, could spark volatility. Altcoins may continue to ride Bitcoin’s coattails, but investors should stay cautious.
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NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
