Global trade tensions ease, bitcoin breaks through $100,000
2025-05-08 15:40:13
On May 8th, expectations of an easing of trade tensions following Trump's announcement of a trade deal with the United Kingdom pushed bitcoin past the $100,000 mark for the first time since February. The largest digital asset rose 3.4 percent on Thursday, as did most other major tokens, with Ethereum rising 12 percent. On January 20th, the day Trump took office, bitcoin's price rose to a record level of around $109,000. Trump said the full details of the deal would still be negotiated in the coming weeks. But under the deal, Britain would speed up the passage of U.S. goods through customs procedures and reduce barriers to agricultural, chemical, energy and industrial exports. This is the first deal since Trump imposed steep tariffs on dozens of US trading partners.
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