Bitcoin surged past the $100,000 milestone on Thursday as President Donald Trump confirmed a new trade deal with the UK, a move widely seen as a bid to restore market confidence following years of tariff uncertainty. Dubbed a “maxed-out deal,” the agreement was portrayed by Trump as a comprehensive framework for future economic growth.
Speaking at a press conference, Trump described the deal as “tremendous” and suggested that its impact would only grow over time. “We’re making it bigger through growth, but we have tremendous assets involved,” he said. However, UK Ambassador Peter Mandelson was less enthusiastic, calling the deal “a starting point,” and hinted at ongoing negotiations to expand tariff reductions and market access.
Crypto Markets React Positively – But for How Long?
Bitcoin’s explosive rally above $100,000 coincided with renewed investor optimism about trade stability. The broader crypto market mirrored the BTC rally, with Ethereum and other altcoins posting gains, albeit on relatively low trading volume.
According to Nic Puckrin of The Coin Bureau, the low volume could signal that the rally may be short-lived. “The lack of concrete details in the trade deal could lead to profit-taking and volatility in the coming days,” he noted.
Moreover, Puckrin emphasized that the recent BTC surge was driven by a narrative rather than fundamental economic improvements, which could heighten the risk of a sharp correction.
Spot ETFs See Strong Inflows, But Risks Remain
While Bitcoin and other cryptocurrencies saw gains, spot Bitcoin ETFs continued to attract significant capital, indicating sustained institutional interest in BTC. Charles Wayn, co-founder of Galxe, noted that the trade deal may reignite the crypto bull market, but cautioned against premature optimism.
“Altseason could still be on the horizon, but only if the global trade landscape stabilizes and more concrete policy measures are announced,” Wayn said.
Despite the bullish sentiment, analysts are urging caution as the Trump administration’s unpredictability and uncertain economic conditions could lead to further market turbulence.
For now, Bitcoin’s break above $100,000 has shifted market sentiment to bullish, but with key economic data and further policy announcements expected in the coming weeks, the crypto sector remains poised for potential volatility.
