Bitcoin (BTC) Nearly Hits the $100,000 Mark as President Trump Announces Imminent Tariff Deal with a “Large, Highly Respected Country”

Bitcoin (BTC) has seen gains of more than 5% in the past 24 hours, extending its week-long rally as macroeconomic conditions improve.

President Donald Trump nearly hit the $100,000 mark on Thursday morning, as he announced that he is about to close a tariff deal with a “large, highly respected country.”

The president is set to hold a major press conference on the trade deal at 10 a.m. ET, which he claims is “the first of many deals to come.”

While the country involved is yet to be disclosed, some reports suggest that it is most likely the United Kingdom. The decision to reduce tariffs is expected to decrease inflationary pressures and improve conditions for investing in cryptocurrencies, technology, and other high-risk assets.

The price of Bitcoin (BTC) has seen gains of more than 5% in the past 24 hours, continuing its week-long rally as macroeconomic conditions improve. This upward momentum is fueled by falling bond yields, a weakening US dollar, and new institutional flows into spot Bitcoin (BTC) ETFs.

The rise also comes amid mounting political pressure on US leaders to match China’s growing influence and revive domestic manufacturing. Although full details are still being kept under wraps, any reduction in tariffs is expected to immediately boost risky asset prices.

Global markets are awaiting details of the tariff deal promised by Trump. Speculation about the countries involved and the content of the deal has created a wave of optimism among investors.

If tariffs are actually eased, this could be a breath of fresh air for companies that depend on imports and exports between the countries involved. In addition, this deal could also be a turning point in international trade relations that may open up more opportunities for global financial markets.

The expected tariff deal will not only have an impact on trade and the economy but also on investor confidence in risky assets. Lower tariffs could reduce costs for companies and consumers, which in turn could increase corporate profits and consumer purchasing power. This is good news for the stock market and other risky assets, including cryptocurrencies like Bitcoin (BTC). Investors may be more willing to take risks in more stable and predictable market conditions.

With the upcoming announcement, the eyes of the world are on the potential economic impact of this tariff deal. The rise in Bitcoin (BTC) price is just one indicator of how the market is reacting to positive expectations. However, it is important to remain vigilant of any volatility that may occur as a result of new developments in the global political and economic arena.