The cryptocurrency market is reeling with excitement as Bitcoin inches closer to the $100,000 mark, driven by speculation surrounding Donald Trump’s upcoming Trump UK trade deal announcement. The US president teased the agreement in a May 7 Truth Social post, calling it a “major trade deal” with a “big, and highly respected country,” later confirmed by The New York Times as the United Kingdom.
Market analysts suggest that the Trump UK trade deal could signal stronger economic collaboration between the two nations, potentially boosting investor confidence in risk assets like Bitcoin. The news has already injected fresh bullish momentum into crypto markets, with traders anticipating further gains if the deal includes favorable terms for digital asset innovation. As Bitcoin flirts with the psychological $100K threshold, all eyes remain on how the Trump UK trade deal will shape both traditional and crypto markets in the coming weeks.
Trump UK trade deal: a catalyst for Bitcoin’s rally?
Bitcoin’s price surged from 97,759to99,140 following Trump’s announcement, reigniting bullish sentiment among traders. Analysts suggest that the Trump UK trade deal could be a key factor behind the rally, as markets anticipate positive economic implications.
Charlie Sherry, head of finance at Australian crypto exchange BTC Markets, noted that just as bearish sentiment peaked, Bitcoin reversed course. “As is often the case in markets, just when consensus leans heavily bearish, price bottoms form and new market structures start to emerge,” he told Cointelegraph. Sherry added that the Trump UK trade deal may already be priced in, making $100,000 an inevitable milestone.
Bitcoin’s path to $100k and beyond
Bitcoin’s current rally has been nothing short of spectacular, surging from $80,000 in mid-April to nearly $100,000 in less than a month – a 25% gain that has stunned market observers. Crypto entrepreneur Anthony Pompliano told CNBC,
“The Trump UK trade deal represents exactly the kind of macroeconomic catalyst that could propel Bitcoin to new all-time highs in 2025. We’re seeing institutional investors position themselves ahead of what could be a major shift in global trade dynamics.”
FOMO21 co-founder Neil Jacobs reinforced this view in an exclusive interview with Cointelegraph: “The market reaction to Trump’s announcement was immediate and significant. This isn’t just speculation – we’re seeing real capital flow into Bitcoin as traders anticipate the deal’s positive impact on dollar liquidity and risk assets.”
Meanwhile, Pandora CEO Sahib Anandsongvit noted in a Bloomberg interview: “What’s remarkable is how quickly sentiment shifted. Bitcoin was struggling at $80,000 just weeks ago, and now we’re seeing sustained buying pressure that suggests this rally has fundamental support beyond just hype.”
Market analysts at Glassnode confirm the bullish technicals, with Bitcoin’s network fundamentals and institutional inflows both showing strong upward trajectories.
Market reactions and liquidations
The broader crypto market has responded positively, with the Crypto Fear & Greed Index registering a “Greed” score of 65. Bitcoin’s 3% surge in the past 24 hours also triggered $96 million in short liquidations, according to CoinGlass data, further fueling upward momentum.
The Trump UK trade deal comes amid broader economic shifts, including the Federal Reserve’s decision to hold interest rates steady despite Trump’s public pressure for cuts. Some analysts believe that the combination of trade optimism and monetary policy stability is creating a perfect storm for Bitcoins rise.
What’s next for Bitcoin and global markets?
If the Trump UK trade deal delivers on its promises, it could strengthen economic ties between the US and the UK, potentially boosting investor confidence across asset classes. Historically, Bitcoin has thrived in environments where trade policies and macroeconomic stability align favorably.
With Bitcoin now less than 1% away from $100,000, traders are watching closely to see if this psychological barrier will be breached. Should the Trump UK trade deal prove successful, it may set the stage for even greater gains, reinforcing Bitcoin’s role as a hedge against economic uncertainty.
As the world awaits further details on the Trump UK trade deal, one thing is clear: Bitcoin’s rally is far from over, and the cryptocurrency’s next all-time high may be just around the corner. Stay glued to The Bit Gazette for the latest crypto news and expert opinions.
