Bitcoin Nears $100K on Hopes of U.S. Tariff Deal and Market Tailwinds

Bitcoin surged toward the $100,000 mark early Thursday as market sentiment soared following comments from U.S. President Donald Trump. Trump announced that a “major” trade deal with a “big, highly respected country” is imminent, with further details expected at a 10 a.m. ET press conference. While the nation’s identity remains unconfirmed, reports suggest it may be the U.K., fueling speculation around reduced tariffs and global economic relief.

The possibility of easing trade tensions has boosted investor optimism across risk assets, particularly in crypto and tech. Lower tariffs could help reduce inflationary pressures and create a more favorable environment for high-beta investments, including Bitcoin.

Bitcoin’s price has climbed more than 5% in the past 24 hours, extending its recent rally. Key macroeconomic drivers supporting the rise include falling U.S. bond yields, a weakening dollar, and increased institutional interest in spot Bitcoin ETFs. These factors have combined to enhance market liquidity and renew investor confidence.

The potential rollback of tariffs also aligns with growing political momentum to counterbalance China’s economic rise and strengthen U.S. manufacturing. Although full terms of the agreement are yet to be revealed, the anticipation alone has sparked significant movement in crypto markets.

The confluence of geopolitical developments, favorable economic indicators, and increased capital inflows continues to drive bullish momentum for Bitcoin. With volatility still in play, all eyes remain on Trump’s upcoming announcement and its implications for the broader market.