Trusted

Breaking Bitcoin Hits $100,000 as Trump Announces Major Trade Deal

1 min
Updated by Mohammad Shahid
Join our Trading Community on Telegram

In Brief

  • Bitcoin surged past $100,000 for the first time since February, driven by optimism surrounding a potential US-UK trade deal announcement.
  • Trump teased a major deal on Truth Social, triggering risk-on sentiment and a $260 million short squeeze in crypto markets.
  • Analysts now target $105,000 next, with $120,000 in sight if the trade agreement eases inflation and boosts global sentiment.
  • promo

Bitcoin (BTC) finally printed $100,000 on major exchanges for the first time since February, before retreating slightly as profit‑taking set in.

The breakout gathered pace as the Federal Reserve’s interest rates remained stable, and President Trump announced positive developments in the tariff deals with multiple countries.

Donald Trump Signs a Trade Deal With the UK

Today, Trump announced the first deal since his administration’s sweeping tariff program began last month. The US president said that his government reached an agreement with the UK, and several other deals are in the final stages.

A Reuters report indicates the agreement will reduce US‑UK duties on steel and autos, easing supply‑chain inflation fears that have dogged risk assets since the tariff shock.

Risk‑on sentiment spilled into crypto, with more than $492 million in short positions liquidated across derivatives venues in the past 24 hours, according to CoinGlass data.

Crypto Liquidations Heatmap. Source: Coinglass

Traders now eye $105,000 as the next resistance. Should Trump’s deal materialize without surprises, bulls argue the path to $120,000 could open quickly

Best crypto platforms in Europe
eToro eToro Explore
YouHodler YouHodler Explore
Wirex Wirex Explore
Arkham Arkham Explore
Best crypto platforms in Europe
eToro eToro Explore
YouHodler YouHodler Explore
Wirex Wirex Explore
Arkham Arkham Explore
Best crypto platforms in Europe
eToro eToro
YouHodler YouHodler
Wirex Wirex
NEXO NEXO
Arkham Arkham

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Harsh.png
Harsh Notariya
Harsh Notariya is an Editorial Standards Lead at BeInCrypto, who also writes about various topics, including decentralized physical infrastructure networks (DePIN), tokenization, crypto airdrops, decentralized finance (DeFi), meme coins, and altcoins. Before joining BeInCrypto, he was a community consultant at Totality Corp, specializing in the metaverse and non-fungible tokens (NFTs). Additionally, Harsh was a blockchain content writer and researcher at Financial Funda, where he created...
READ FULL BIO
Sponsored
Sponsored