Bitcoin Surpasses $100,000 Amid U.S.-U.K. Trade Optimism
On May 8, 2025, Bitcoin made headlines as it surpassed the $100,000 milestone for the first time since February, fueled by optimism surrounding a recently announced U.S.-U.K. trade agreement. The cryptocurrency surged to $101,329.97, representing a 4.7% daily increase, bouncing back from a low of $74,000 in April. This uptick signals renewed investor confidence in the market.
Ether also exhibited substantial growth, rising over 14% to reach $2,050.46, although it remains significantly down compared to its highs in late 2024. The trade deal, brokered by U.S. President Donald Trump and British Prime Minister Keir Starmer, is seen as a pivotal step in enhancing global trade relations. It retains a 10% tariff on U.S. imports from the U.K., while the U.K. has lowered tariffs to 1.8% and provided expanded market access for American goods.
This agreement has begun to alleviate market uncertainties that arose from previous global tariff impositions by Trump, which had resulted in a steep decline in risk assets, including cryptocurrencies. Analysts cite increased institutional investments into Bitcoin ETFs, reduced geopolitical tensions, and economic stimulus initiatives from China as key elements contributing to Bitcoin’s robust recovery.
Experts are optimistic that the rally could persist, potentially aiming toward Bitcoin's previous all-time high of over $109,000. If you're considering diving into the cryptocurrency market and want to take advantage of this momentum, Bitlet.app offers an innovative Crypto Installment service that allows you to buy cryptocurrencies now and pay monthly, making it easier for investors to get started without upfront pressure. Don't miss your chance to benefit from these exciting developments!
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