Bitcoin Price Jumps to $99K– Will a Trump Trade Deal BTC Past $100K?

By: crypto news flash|2025/05/09 05:15:01

Bitcoin price is impressing investors as it is on the verge of a $100,000 breakout. The change in stance on trade deals is likely to impact the BTC recovery . The price of Bitcoin (BTC) has climbed over $99,000 in today’s morning trading session. This spike in the flagship coin follows US President Donald Trump’s announcement about an impending trade deal with an undisclosed country. Investors are questioning whether Bitcoin could soon reclaim the $100,000 mark. Trump’s Upcoming Trade-Deal Announcement In a social media post on Wednesday night, the US President said he will hold a “major” news conference at 10 a.m. ET. Trump intends to share details about an impending trade deal with a “respected country.” The country’s identity is still unknown, but some reports have pointed towards the UK. A UK official separately confirmed Trump’s plans to outline a deal later on Thursday. Prime Minister Keir Starmer also promised to update the state of talks later on Thursday. Meanwhile, American and British officials discussed this week’s plans to reduce tariffs on cars and steel. They also discussed the many levies the US president has imposed on allies and rivals recently. In his post, Trump signaled that the impending trade deal talk would be the first of many. The President is likely looking to reduce barriers to US exports and calm market turmoil driven by the sweeping scope of his tariffs. President Trump recently announced plans to reduce tariffs on Chinese goods, a departure from his earlier protectionist stance. As we discussed earlier, Trump’s announcement came after intense lobbying from US automakers and mounting concerns over inflation and supply chain disruptions. Additionally, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet with Chinese officials in Switzerland this weekend. This news has raised hopes of a potential resolution to the trade tension between the world’s two largest economies. Although full details remain under wraps, de-escalation of tariffs could further support prices of risk assets like crypto. Can BTC Hit 100K? Bitcoin has recovered to $99,000 amid Trump’s trade deal announcement. The leading coin has gained more than 2.7% in the past 24 hours, extending its weeklong rally. As of this writing, BTC’s price traded at $99,722 , with a market cap of $1.98 trillion. The latest BTC rally is underpinned beyond Trump’s trade deal announcement. A combination of falling bond yields, a weakening dollar, and renewed institutional flows into spot Bitcoin ETFs has fueled Bitcoin’s upward momentum. According to SoSoValue data, the 12 spot Bitcoin Exchange-Traded Funds (ETFs) collectively saw over $5 billion in net inflows since April 25. As we covered in our latest report, Grayscale has expanded its ETF portfolio, releasing two new Bitcoin ETFs. On Wednesday, the Federal Open Market Committee kept US interest rates unchanged. Presto Research Analyst Min said investors took this move as a “signal to remain in risk-on mode.” Market analysts are optimistic that Bitcoin could hit $100,000 and retest its all-time high in the coming sessions. They cited the build-up of institutional infrastructure and increased macro interest in non-correlated assets. Buy Bitcoin Guide Bitcoin Wallet Tutorial Check 24-hour Bitcoin Price More Bitcoin News What is Bitcoin?

-- Price

The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...

Who is footing the bill for the $64 billion accounting frenzy?

Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

Overview of Important Market Events on June 25

Why do cryptocurrency projects always like to change their names?

In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

Overview of Important Market Events on June 24

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends

The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.

Former SpaceX engineer reconstructs the financial execution system using first principles

Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.

Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD

The throne of DeFi lending still exists, but the foundation beneath the throne needs to undergo a reconstruction or reinforcement.

Tidal Investment: We still have a positive outlook on the AI industry chain, but the reasons have changed

The intense financing by tech giants has triggered a panic of "AI peak," but the soaring capital expenditures of the five major cloud vendors and the bottlenecks in physical infrastructure indicate that the AI investment cycle is far from over; the second half of this grand performance has just begu...