Bitcoin (BTC) lastly printed $100,000 on main exchanges for the primary time since February, earlier than retreating barely as revenue‑taking set in.
The breakout gathered tempo because the Federal Reserve’s rates of interest remained secure, and President Trump introduced optimistic developments within the tariff offers with a number of international locations.
Donald Trump Indicators a Commerce Deal With the UK
Right now, Trump introduced the primary deal since his administration’s sweeping tariff program started final month. The US president stated that his authorities reached an settlement with the UK, and a number of other different offers are within the ultimate levels.
A Reuters report signifies the settlement will cut back US‑UK duties on metal and autos, easing provide‑chain inflation fears which have dogged danger property because the tariff shock.
Threat‑on sentiment spilled into crypto, with greater than $260 million in brief positions liquidated throughout derivatives venues up to now 24 hours, based on CoinGlass information.
Merchants now eye $105,000 as the subsequent resistance. Ought to Trump’s deal materialize with out surprises, bulls argue the trail to $120,000 might open shortly
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