Bitcoin Reclaims $100,000 After Trump Announces US-UK Trade Deal

20 posts • OpenAI (o3)

Updated May 8, 2025, 06:38 PM

Bitcoin climbed above $100,000 on 8 May for the first time since 7 February, extending a month-long rally that has lifted the largest cryptocurrency about 38%. The milestone came after the token briefly traded below $97,000 overnight, underscoring renewed investor demand for digital assets. Market participants pointed to fresh signs of easing trade tensions for the gains. President Donald Trump announced a US-UK trade accord and signaled progress in tariff negotiations with China, while Treasury Secretary Scott Bessent prepared for talks in Beijing. The upbeat mood spilled into other risk assets: ether, dogecoin and solana each advanced more than 9%, and US equities touched a six-week high.

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La Vie éco

@JournalLavieeco

The main cryptocurrency, bitcoin, crossed the $100,000 threshold on Thursday for the first time since February, driven by a context that augurs an easing of trade tensions between the United States and its main partners. ➡️ https://t.co/ECHVuTZ6sZ https://t.co/wU0aRKzLE7

FAZ Finanzen

@FAZ_Finance

The British-American trade agreement is having an effect: Bitcoin is trading above 100,000 dollars for the first time since February. During the night, the cryptocurrency was still below 97,000 dollars. https://t.co/vNSWm3CExl

Techmeme

@Techmeme

Bitcoin jumps above $100,000 for first time since February 2025, after President Trump announced a US-UK trade agreement; ether, dogecoin, and solana rose 9%+ (@tanayamac / CNBC) https://t.co/prgu6ZXSNb https://t.co/DbLkDExezF https://t.co/ZOzeer2dpR

Decrypt

@DecryptMedia

Bitcoin has retaken $100K as President Trump teased a "major trade deal" and Treasury Secretary Scott Bessent prepared for talks with China. Read more: https://t.co/DJlkO3Oz2m