Bitcoin Taps $100,000 As Trump Trade Talks And Fed Policy Fuel Bullish Sentiment
Posted On May 8, 2025
Bitcoin crossed the $100,000 threshold for the first time since February on Thursday before slipping slightly to $99,469—still up 2.6% on the day and 3.06% for the week. The rally adds to a 24.2% gain over the past month and reflects growing investor confidence in the asset amid major geopolitical and monetary shifts.
Markets responded enthusiastically to U.S. President Donald Trump’s social media announcement of a “major trade deal” with the U.K. in the works, fueling optimism that the U.S. trade war could ease. Treasury Secretary Scott Bessent is expected to meet with Chinese officials in Switzerland, marking the first bilateral trade talks since the Trump administration’s renewed tariff measures.
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