US EditionBitcoin Close To $100,000, Ethereum, XRP, Dogecoin Pump As Trump Touts Trade Deal With The UK
- Bitcoin and other major cryptocurrencies surged on May 8, 2025, amid anticipation of President Trump's trade deal announcement in the United States.
- The rally came after President Trump mentioned an imminent trade agreement with a prominent and well-regarded nation, which many believe to be the United Kingdom.
- Improving market conditions such as falling bond yields, a weaker dollar, and renewed institutional inflows into Bitcoin ETFs supported gains across Bitcoin, Ethereum, XRP, Dogecoin, and Solana.
- Data indicated that Bitcoin transactions exceeding $100,000 rose from 9,668 to 10,628, daily active addresses grew by 8.7%, and crypto short liquidations reached $239 million, marking their largest level since late April.
- If confirmed, the trade deal could ease tariffs, potentially reducing inflation pressures and boosting investment in cryptocurrencies and high-beta assets.
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Bitcoin Hits $100,000 For the First Time in 2 Months
Bitcoin (BTC) finally printed $100,000 on major exchanges for the first time since February, before retreating slightly as profit‑taking set in. The breakout gathered pace as the Federal Reserve’s interest rates remained stable, and President Trump announced positive developments in the tariff deals with multiple countries. Donald Trump Signs a Trade Deal With the UK Today, Trump announced the first deal since his administration’s sweeping tarif…
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