Trump’s $6 Billion Trade Deal With The UK Pushes Bitcoin Past $100,000

Bitcoin (BTC), the market’s leading cryptocurrency, has surpassed the $100,000 mark for the first time since February, driven by a notable shift in President Donald Trump’s tariff policies, which sparked renewed optimism in the crypto market.

Over the past months, aggressive tariff strategies implemented by Trump negatively impacted cryptocurrency prices, with Bitcoin experiencing a significant correction. The digital asset dropped to as low as $74,000, marking a 25% decline from its record high of $109,000 reached in January. 

However, the President’s decision to pause his so-called “tariff war” has led to a remarkable rebound in crypto prices boosted by a $6 billion trade deal with the UK announced on Thursday. 

In the thirty-days time frame, the market’s largest cryptocurrency has recorded a staggering 31% price surge, positioning it just 6.7% below its all-time high. Antoni Trenchev, co-founder of the crypto exchange Nexo, remarked: 

Bitcoin has not only reclaimed $100,000 for the first time in three months but has also reaffirmed its status as the ultimate bouncebackable asset as the prospects for US trade deals brighten.

Other major cryptocurrencies have also benefited from this shift. Ethereum (ETH) has regained the $2,000 mark for the first time since late March, experiencing a 12% surge in just 24 hours, while Dogecoin (DOGE) followed closely with an 11% increase. 

Trenchev pointed out that Bitcoin’s recent performance is bolstered by a supportive pro-crypto administration and increased buying interest from spot-exchage-traded fund (ETF) investors. He noted that Bitcoin’s outperformance against US equity benchmarks in 2025 reinforces its status as a resilient and safe-haven asset.

Despite the current bullish sentiment, Trenchev cautioned that Bitcoin’s resilience will be tested amid an uncertain global macroeconomic and geopolitical environment. 

Rising tensions between India and Pakistan pose potential risks, while the US Federal Reserve (Fed) remains cautious about cutting interest rates amid concerns over unemployment and inflation.

Since the introduction of the tariff policy in early April, Bitcoin has gained more than 16%, while spot gold has risen nearly 6%, and the S&P 500 has seen only marginal gains, illustrating Bitcoin’s growing appeal as a hedge against traditional market fluctuations.

In order to confirm its upward trend, analysts predict that Bitcoin will need to break above its January high of over $109,350. According to Trenchev, the cryptocurrency’s price might stay between $70,000 and $109,000 for the months following the election. 

Nevertheless, he emphasized that reclaiming the $100,000 milestone is a significant achievement for Bitcoin. “Buying during peak fear—just last month Bitcoin was languishing around $74,000—can be exceptionally lucrative,” he concluded.

Featured image from DALL-E, chart from TradingView.com