Donald Trump Announces US-UK Trade Deal, BTC Price Reclaims $100k

President Donald Trump has announced the much-anticipated US-UK trade deal, with the BTC price reclaiming $100k on the back of this news.
By Boluwatife Adeyemi
Donald Trump Announces US-UK Trade Deal, BTC Price Reclaims $100k

Highlights

  • Donald Trump announced during a press conference at the Oval that they have reached a "breakthrough" deal with the UK.
  • Trump stated that the UK deal will bring $6 billion in revenue for the US.
  • The BTC price has reclaimed $100k for the first time since February.

The ongoing trade war between the US and other countries has taken a positive turn with President Donald Trump announcing a historic trade deal between the US and the UK. Trump’s administration has agreed to lower tariffs on certain UK imports as part of the deal. Meanwhile, the BTC price has reclaimed the psychological $100,000 level for the first time since February.

Advertisement
Advertisement

Donald Trump Announces Historic US-UK Trade Deal

In a news conference at the Oval Office, the US President announced they had reached a breakthrough deal with the UK. He mentioned that the UK would reduce non-tariff barriers. Meanwhile, the US will also cut tariffs on UK-made cars to 10%, while beef tariffs will be close to zero.

Prime Minister Keir Starmer also commented on the deal, sharing his delight that both countries could finally reach an agreement. Donald Trump noted that they have been trying to reach a deal for years, which makes it historic. The president revealed that the UK trade deal will raise $6 billion in US external revenue.

Commenting on the deal, Commerce Secretary Howard Lutnick revealed that the UK will open its markets for US goods, which is huge considering that the UK is the sixth-largest economy in the world. Meanwhile, the Commerce Secretary mentioned that the UK will announce plans to buy $10 billion worth of Boeing planes.

As CoinGape reported, this US-UK trade deal undoubtedly provides a bullish outlook for the crypto market. It seems to have contributed to today’s market rally, with the BTC price hitting $100,000 for the first time since February.

Donald Trump revealed that they are looking to make a deal with Europe. He also commented on the negotiations with China, stating that he believes they would have good talks and possibly reach an agreement. The president added that they may lower tariffs if the talks go well. US-China trade war talks are set to begin on May 10.

Advertisement
Advertisement

BTC Price Reclaims $100k, Rally To Sustain?

The BTC price has reclaimed the $100,ooo level following Donald Trump’s announcement of the US-UK trade deal. Crypto analyst Titan of Crypto stated that the breakout looks clean and that a weekly candle close above this range could ignite a massive move in the coming weeks.

BTC Price

Crypto analyst Crypto Zeinab also stated that Bitcoin’s price is aiming for $118,000 next, which would mark a new all-time high (ATH) for the flagship crypto. Once that happens, he predicts that the flagship crypto will then rally to $130,000.

Advertisement
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.