Bitcoin approached near $ 100,000 early on Thursday after US President Donald Trump announced he would announce a “major” trade agreement with a “large, highly respected country.” That country, like, is the United Kingdom.
Trump said he would expand the agreement at a press conference later in the day, which helped push risks assets, including crypto markets, higher amid improvement of greater macroeconomic signals.
The deal is expected to focus on reducing tariffs, including those in steel and autos, and may address tax on Britain's digital service that affects US Tech companies.
Bitcoin rose more than 2.5% to 24 hours, reaching a week's rally, to now trade around $ 99,500. Investors responded to what they saw while avoiding geopolitical headwinds such as bond collapse and the dollar weakened – two factors with history support crypto prices.
Bitcoin rises in fed pause
Markets also navigated a federal reserve of interest in interest rate changes, with the central bank Noting increased risks of inflation and unemployment.
That decision, along with global changes in trade policy, has changed the investor's focus on alternative properties, which explodes upward in the last 24-hour period, even the BTC outperforming.
Meanwhile.
Bitcoin has not yet broken the six figure barriers, but the current price action emphasizes how Macro's developments, such as trade deals and central bank policy, continue to shape emotion in the crypto space.
The $ 100,000 mark, right to note, acts as a psychological barrier for merchants, leading to increasing sales pressure around it.
