Bitcoiners hope that Bitcoin will soon overtake $ 100,000 and potentially a new all-time hit as US President Donald Trump is ready to announce a business deal with UK.
Tusrap Said The truth of May 7 will be announced on May 8, a “major trade deal” with the “big and highly respected, country”, which is New York Times Informed The UK will be citing three people familiar with the schemes.
Bitcoin inch towards $ 100,000
When Trump published his post, Bitcoin (BTC) was trading at around $ 97,759 and since then the psychologist has reached close to $ 100,000 level level to trade at $ 99,140 at the time of publication, According For coinmarketcap data.
Many Bitcoinar and analysts are credited for $ 100,000 rally for speculation around the trade deal.
Charlie Sherry, head of the Finance of Australian Crypto Exchange BTC Markets, told the Cointeletgraph that “As everyone was looking below and calling for lower,” Bitcoin’s price did the opposite.
“As often occurs in markets, just when the consensus starts to emerge a lot of recession, price bottles and new market structures.”
Sheri said that it is possible that the trade deal is already being done in bitcoin.
“While we can see psychological resistance on a $ 100K mark, it seems that the unavoidable bitcoin puts another zero on the board,” Sherry said.
Fomo21 co-founder Neil Jacobs Said The bitcoin rally on X was mainly due to Trump’s announcement.
Crypto entrepreneur anthony pumpino Said The upcoming trade deal “means that we are increasing the obstacles. We do new all-time high hits in 2025.”
A few hours before the inauguration of Bitcoin Trump, on January 20, its current all-time of $ 109,000 reached a high level.
Pandora CEO Sahib Anandsagwit Said He “can’t stop thinking this” how bitcoin was $ 80,000 a few weeks ago, pointing to the $ 98,000 of bitcoin at the post and repeated Trump’s Lump Trade Deal. Bitcoin last traded at a level of $ 80,000 on 11 April and reconstructed $ 90,000 only on 22 April.
Connected: Bitcoin returns to $ 98k because Fed keeps rates stable despite the demand of Trump
A few hours after the US Federal Reserve announced, Trump’s post came that he would keep the interest rates at 4.25% to 4.50% despite rising pressure at low interest rates than Trump.
Trump has not hit Bitcoin $ 100,000 since 1 February after offering import tariffs on China, Canada and Mexico. Meanwhile, the Crypto market participants appear more rapidly on the overall market, reading a “greed” score of 65 with Crypto and Fear Index.
In the last 24 hours, 3% growth of bitcoin has increased to $ 96 million in low conditions, According For coinglass data.
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