Bitcoin nears $100K, Trump ready to announce ‘big’ trade deal

Jakarta, Pintu News – Bitcoin (BTC) nearly hit the $100,000 mark on Thursday morning, as President Donald Trump announced an imminent tariff deal with a “large, highly respected country”. President Trump is scheduled to hold a major press conference on the trade deal at 10 a.m. ET, which is being touted as “the first of many deals to come”.

While it is unclear which country is involved, some reports suggest that it is most likely the United Kingdom. The decision to ease tariffs is expected to reduce inflationary pressures and improve conditions for investing in cryptocurrencies, technology, and other high-risk assets.

Market Dynamics and Their Impact on Bitcoin

Bitcoin (BTC) has seen gains of more than 5% in the past 24 hours, extending its week-long rally as macroeconomic conditions improve. Falling bond yields, a weakening US dollar, and new institutional flows into spot Bitcoin (BTC) ETFs have fueled this upward momentum.

The rise also comes amid mounting political pressure on US leaders to match China’s growing influence and revive domestic manufacturing. Although full details are still being kept under wraps, any reduction in tariffs is expected to immediately boost risky asset prices.

Also Read: Will Solana Reach $420 in 2025? Check out the Prediction!

Speculation and Market Expectations on Trade Deal

Global markets are awaiting details of the tariff deal promised by Trump. Speculation about the countries involved and the content of the deal has created a wave of optimism among investors.

If tariffs are actually eased, this could be a breath of fresh air for companies that depend on imports and exports between the countries involved. In addition, this deal could also be a turning point in international trade relations that may open up more opportunities for global financial markets.

Long-term Implications for Risky Asset Investments

The expected tariff deal will not only have an impact on trade and the economy, but also on investor confidence in risky assets. Lower tariffs could reduce costs for companies and consumers, which in turn could increase corporate profits and consumer purchasing power. This is good news for the stock market and other risky assets, including cryptocurrencies like Bitcoin (BTC). Investors may be more willing to take risks in more stable and predictable market conditions.

Conclusion

With the upcoming announcement, the eyes of the world are on the potential economic impact of this tariff deal. The rise in Bitcoin (BTC) price is just one indicator of how the market is reacting to positive expectations. However, it is important to remain vigilant of any volatility that may occur as a result of new developments in the global political and economic arena.

Also Read: Bitcoin Poised for a Big Spike Amid US Economic Chaos?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coindesk. Bitcoin Nears $100K as Trump Teases Big Trade Deal. Accessed on May 8, 2025
• Featured Image: Bitcoin News