Bitcoin Surges Past $100K Amid Trade Deal Optimism
Posted: Wed May 14, 2025 7:20 am
Bitcoin has again managed to cross the $100,000 mark and has been up to a whopping $101,329.97 on May 8th, 2025, which is a great recovery after its low in April of $74,000. This swell emanates from investors renewed confidence after news of total agreement of trade between the United States and the United Kingdom. The deal that was unveiled by President Donald Trump and UK Prime Minister Keir Starmer will maintain a 10% U.S. tariff on UK imports, while the UK offered to bring its tariffs down to 1.8% and will offer expanded market access to American goods.
The favorable response from the market does not end with Bitcoin. Ethereum saw a significant rise and went up by more than 14% to reach $2,050.46. In addition, stocks of enterprises in the cryptocurrency sphere experienced significant growth. Robinhood Markets increased by 8.6%, Coinbase Global increased by 6.1%, and MicroStrategy, the largest corporate holder of Bitcoin, also went up by 6.6%.
Thinking in terms of movement, analysts expect that the rally may only continue, with Bitcoin possibly aiming at its previous all-time high of over $109,000. Some reasons behind this optimism are enhanced institutional flows into Bitcoin ETFs, reduced geopolitical tension, and stimulus measures from China.
Question for Discussion:
Has Bitcoin rebounded above $100K, and a promising macroeconomic situation convinced you of further uptrend or do you feel that you need to be cautious, as we know that markets tend to be volatile?
The favorable response from the market does not end with Bitcoin. Ethereum saw a significant rise and went up by more than 14% to reach $2,050.46. In addition, stocks of enterprises in the cryptocurrency sphere experienced significant growth. Robinhood Markets increased by 8.6%, Coinbase Global increased by 6.1%, and MicroStrategy, the largest corporate holder of Bitcoin, also went up by 6.6%.
Thinking in terms of movement, analysts expect that the rally may only continue, with Bitcoin possibly aiming at its previous all-time high of over $109,000. Some reasons behind this optimism are enhanced institutional flows into Bitcoin ETFs, reduced geopolitical tension, and stimulus measures from China.
Question for Discussion:
Has Bitcoin rebounded above $100K, and a promising macroeconomic situation convinced you of further uptrend or do you feel that you need to be cautious, as we know that markets tend to be volatile?