Market Cap: $3.2495T 2.580%
Volume(24h): $110.7413B -18.530%
  • Market Cap: $3.2495T 2.580%
  • Volume(24h): $110.7413B -18.530%
  • Fear & Greed Index:
  • Market Cap: $3.2495T 2.580%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$104654.464793 USD

2.47%

ethereum
ethereum

$2482.196122 USD

1.96%

tether
tether

$1.000892 USD

0.06%

xrp
xrp

$2.172204 USD

3.01%

bnb
bnb

$645.665986 USD

1.55%

solana
solana

$148.547704 USD

1.62%

usd-coin
usd-coin

$0.999890 USD

0.00%

dogecoin
dogecoin

$0.181008 USD

5.22%

tron
tron

$0.278244 USD

0.72%

cardano
cardano

$0.658362 USD

4.58%

hyperliquid
hyperliquid

$33.402451 USD

-1.57%

sui
sui

$3.243792 USD

9.23%

chainlink
chainlink

$13.703476 USD

4.93%

avalanche
avalanche

$19.876159 USD

5.04%

unus-sed-leo
unus-sed-leo

$8.988912 USD

2.86%

Cryptocurrency News Articles

Trump Administration Announces Trade Deal With the UK, Triggering an Uptick in Cryptocurrency Prices

May 09, 2025 at 01:22 pm

The Trump administration on Thursday announced a trade deal with the United Kingdom, triggering a wild uptick in cryptocurrency prices as crypto users

Trump Administration Announces Trade Deal With the UK, Triggering an Uptick in Cryptocurrency Prices

The Trump administration on Thursday announced a trade deal with the United Kingdom, triggering a wild uptick in cryptocurrency prices as users celebrated the big news following weeks of market downturns due to U.S. President Donald Trump’s trade war.

The administration’s Thursday trade agreement with Britain is the first of such deals since Trump launched his global trade war that hit crypto prices hard.

“Because of our long time history and allegiance together, it is a great honor to have the UNITED KINGDOM as our FIRST announcement. Many other deals, which are in serious states of negotiation, to follow!” the Republican leader wrote on Truth Social.

As news of the much-anticipated trade deal spread, crypto prices began moving, including Bitcoin, which has had trouble returning to the $100,000 mark.

The world’s most valuable crypto asset surged above $103,000 at one point before settling in at around $102,000 late Thursday.

Ahead of Trump’s announcement, there were expectations that BTC would smash its previous all-time-high above $108,000. At this point, Bitcoin may be waiting for even bigger news before it surges past its ATH.

Bitcoin’s big achievement in the day was passing $2 trillion in market capitalization following a difficult few weeks below the said threshold.

While BTC’s Thursday price surge is notable, Ethereum was the biggest story of the day, outpacing Bitcoin to log the highest gains in the last 24 hours among CoinGecko's Top 10 largest digital assets by market cap.

ETH traded as high as $2,234 at one point in the day before settling in at around $2,208. The surge represents a 20% spike in the last 24 hours.

The Ethereum blockchain's native cryptocurrency was the only token in the Top 10 that logged an increase above 11%.

XRP, one of the most popular altcoins, was also on a significant uptick, surging 6.5% overnight as the broader crypto market was lifted by Trump's announcement.

However, the UK trade deal may not be the only reason for the XRP token's increase, as it could also have been lifted by news that the U.S. Securities and Exchange Commission (SEC) filed to officially end its lawsuit against Ripple, the world's largest corporate holder of XRP.

Meanwhile, other major altcoins were also in the green, ending a weeks-long losing streak as fueled by fears around Trump's tariffs.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jun 07, 2025