Bitcoin He exceeded 100,000 dollars for the first time since February on Thursday, when President Donald Trump announced a trade deal With the UK and plans to meet Chinese President Xi Jinping in Geneva later this week.
The original cryptocurrency has increased by 5 % in the past 24 hours, as it rose to 101,500 dollars on Thursday, after the deal was announced with the return of investors to The risky assets After weeks of economic uncertainty. The news of the deal was raised the rest of the encryption market as well. In the past 24 hours, ETHEREUM has increased by 13 %, Solana increased by 10 %, and XRP rose by 6 %.
“The price jump comes in the wake of a trade agreement between the United States and the United Kingdom, as well as urgent news,” says Nicholas Roberts, founder and CEO of Blukchain Blueprint Finance. luck.
Although the details of the UK deal were not completed, Trump said it will retract the customs tariff imposed on British cars, aluminum and steel, but leaves a 10 % basic tariff in its place. On the other hand, the UK will increase the market to US exports of billions of dollars, including ethanol, beef and soft drinks.
The deal with the United Kingdom is the first such deal since Trump began negotiations with American trading partners by threatening to impose a large tariff on a number of imports. On April 2, Trump announced a plan to impose a base and additional tax.Mutual definitionsOn almost all trading partners in the United States. The plan, which is expected to provoke inflation and disrupt global supply chains, caused a historic history Market collapse Where the S&P 500 lost 12 % and Bitcoin was lost 11 % in the period before April 9-when the in effect is appointed.
Financial markets were briefly recovered when Trump announced 90 days stopped On mutual definitions, with the exception of China. In recent weeks, the stock market has been volatile as Trump is participating in commercial negotiations with a number of foreign countries. However, bitcoin, which is usually seen as a risky origin, continues to climb. Since its decrease to the lowest annual level of $ 75,000 on April 8, Bitcoin has gained 35 %.
The American commercial deal with the United Kingdom has reached a decision, but the American trade talks with other countries are continuing. Trump and his team have been in negotiations with Canada, Japan, Italy, India and other commercial partners since April 2. Trump and the eleventh China are they It is scheduled To meet during the weekend to start talks to end the escalating trade war between the two countries.
“With these deals, there is hope for more of these concessions, and with more deals and privileges, more certainty and the conditions of the best market will come,” said Charles Wayne, founder of Crypto Data Galxe, said. luck.
This story was originally shown on Fortune.com
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