Trump’s $6 Billion Trade Deal With The UK Pushes Bitcoin Past $100,000
Bitcoin (BTC) has surpassed $100,000 for the first time since February, driven by a shift in President Trump's tariff policies and a $6 billion trade deal with the UK. After dropping to $74,000, Bitcoin has rebounded, recording a 31% price surge in thirty days and is now 6.7% below its all-time high of $109,000. Other cryptocurrencies like Ethereum (ETH) and Dogecoin (DOGE) have also seen significant gains. Analysts note that Bitcoin's performance is supported by a pro-crypto administration and increased ETF investor interest. However, challenges remain due to global uncertainties, including rising tensions between India and Pakistan and the cautious stance of the US Federal Reserve on interest rates. Analysts suggest Bitcoin needs to break above $109,350 to confirm its upward trend, with predictions of price fluctuations between $70,000 and $109,000 in the months following the election. Reclaiming the $100,000 milestone is viewed as a significant achievement.
