Bitcoin approaches $100,000 ─ President Trump hints at a "massive" trade deal | CoinDesk JAPAN

• Following President Trump’s announcement that a trade agreement with major countries is imminent, Bitcoin surged to nearly 100,000 Dollars.
• The announcement of the trade agreement is expected to take place at a press conference, with speculation that the country involved is the United Kingdom.
• The rise of Bitcoin is supported by improvements in the macroeconomic situation, such as falling bond yields and a weaker Dollar.

Following President Donald Trump’s statement that a tariff agreement with a “large and highly respected country” will soon be announced, Bitcoin (BTC) surged to nearly 100,000 Dollars in the early morning of the 8th.

Mr. Trump will hold a press conference at 10 AM Eastern Time regarding a “significant” trade agreement, and this announcement is expected to be the “first in a series of agreements.”

The identity of the countries involved is unknown. However, some reports suggest that it is the United Kingdom. The easing of tariffs could alleviate inflationary pressures and improve the investment environment for cryptocurrencies, technology, and other high-beta assets.

Bitcoin has risen by more than 5% in the past 24 hours, continuing a week-long upward trend alongside improvements in the macroeconomic situation.

The decline in bond yields, the weakening of the Dollar, and the recovery of fund flows from institutional investors into Bitcoin spot ETFs (exchange-traded funds) are accelerating the upward momentum of Bitcoin.

This announcement comes amid rising political pressure on the U.S. leadership to counter China’s expanding influence and revitalize domestic manufacturing. While details have yet to be clarified, the removal of tariffs could rapidly drive up the prices of risk assets.

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