Bitcoin hits $101k to reclaim six-figures as Trump confirms US, UK trade deal

Bitcoin surpassed $100,000, reaching $101,493, driven by a US-UK trade deal announced by President Trump on May 8, 2025, boosting market sentiment. The deal, reducing tariffs and enhancing financial cooperation, fueled gains in equities, commodities, and cryptocurrencies. Ethereum crossed $2,000, Solana hit $160, and other top cryptos saw double-digit gains. Institutional investments in Bitcoin ETFs surged, with $1.4 billion in inflows last week. Despite optimism, Bitcoin faces resistance at $102,000, and investors remain cautious due to regulatory uncertainties. The crypto market’s total value is $3.15 trillion, with Bitcoin’s dominance at 63.78%. Show Less