Bitcoin Surpasses $100,000 as Trump Unveils First Tariff Deal

(Dan Tri) - Bitcoin and major cryptocurrencies are witnessing a strong price increase after Mr. Trump announced a preliminary trade agreement with the UK, although no official document has been signed.

Bitcoin price has risen back above the key $100,000 threshold, its highest since February. The price of the leading cryptocurrency is currently hovering around the $103,000 mark.

Experts say bitcoin’s price increase is due to the market grasping the dovish signal from the US Federal Reserve (Fed) and the US reaching its first tariff trade deal with the UK, which raised hopes of easing tariff tensions.

Semir Gabeljic, head of financial firm Pythagoras Investments, said that bitcoin inched back to $100,000 with the Fed's steady interest rate decision and the topic of future rate cuts being considered more by traders.

“Given the pressure the Trump administration is putting on the Fed Chair, anything is possible. Uncertainty is the only certainty,” he summed up the current market sentiment.

Observers also warn that the economy is facing multiple headwinds such as high inflation, stagnant growth and rising unemployment all occurring at the same time. "In this volatile macro environment, bitcoin has clearly emerged as a major beneficiary," Gabe Selby, head of research at financial firm CF Benchmarks, said in the report.

He also cited record inflows into U.S. spot bitcoin ETFs, including BlackRock’s IBIT, which saw $4.3 billion in inflows over the past month.

Bitcoin price has risen back above the important $100,000 threshold (Photo: Binance).

However, according to CNBC, the specific terms of the agreement between the US and the UK have not been clearly disclosed, and no documents were signed during the event in the Oval Office.

"We're finalizing the details. In the next few weeks, everything will be finalized clearly and definitively," President Trump said.

He added that the deal would provide billions of dollars in market access for US exports, while the UK would “reduce or eliminate many non-tariff barriers that unfairly disadvantage US products”.

British Prime Minister Keir Starmer commented: "We have built a great foundation for the future".

Previously, on Truth Social, President Trump called this a "comprehensive and complete" agreement, while emphasizing that many other agreements are in the serious negotiation stage.

However, the British Prime Minister's Office said that negotiations were still ongoing. "Negotiations between the two countries are continuing at an accelerated pace and the Prime Minister will provide an update today," Mr Starmer's spokesman said in a statement to the press.

Earlier in April, Mr Trump imposed a 10% tariff on all goods from the UK. In addition, the UK is still subject to separate US tariffs on steel, aluminium and foreign-made cars.

President Trump said he made the decision after "dozens of countries" approached Washington to propose negotiating new trade relationships with the US.

Source: https://dantri.com.vn/kinh-doanh/bitcoin-vuot-100000-usd-khi-ong-trump-he-lo-thoa-thuan-thue-quan-dau-tien-20250509081331502.htm