• Latest
  • Trending
Bitcoin breaks $100K again as US-UK trade deal fuels surge

Bitcoin breaks $100K again as US-UK trade deal fuels surge

May 9, 2025
Edtech startup The Invigilator raises $11 million to scale its AI platform

Edtech startup The Invigilator raises $11 million to scale its AI platform

September 6, 2025
iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

September 6, 2025
OpenAI challenges LinkedIn with new AI-powered hiring platform

OpenAI challenges LinkedIn with new AI-powered hiring platform

September 6, 2025
Tanzanian fintech NALA takes its services to Kenya

Tanzanian fintech NALA takes its services to Kenya

September 6, 2025
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Cryptocurrency

Bitcoin breaks $100K again as US-UK trade deal fuels surge

Abimbola Samuel by Abimbola Samuel
May 9, 2025
147 3
0
Bitcoin breaks $100K again as US-UK trade deal fuels surge

Bitcoin breaks $100K again as US-UK trade deal fuels surge

465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

On Thursday, investor confidence increased as Bitcoin surpassed the $100,000 mark for the first time since January, driven by positive macroeconomic signals and renewed institutional interest.

According to CoinGecko data, the world’s largest cryptocurrency climbed 4.2 percent from a daily low of $95,967. The latest rally marks the third time the digital currency has breached six figures. It first reached the milestone in December 2024 before retreating due to tariff concerns and global trade uncertainty.

Global market shift as Bitcoin dominance increases

The recent upward price follows a confirmation of a new US-UK trade deal, hailed by officials as a breakthrough agreement. The deal, announced by US President Donald Trump and UK Prime Minister Keir Starmer, reduces UK tariffs to 1.8 percent from 5.1 percent and sets a 10 percent tariff on UK imports into the US.

The leading cryptocurrency’s rise comes alongside a notable jump in market dominance, surpassing 60 percent levels not seen since early 2021, when BTC traded around $36,000.

RelatedPosts

10 things you can actually buy with crypto in Africa

From Bitcoin to Cash: How to do crypto exchanges in Sierra Leone

Will stablecoins become everyday money?

Petr Kozyakov, CEO of Mercuryo, says virtual currency’s increasing share of the total crypto market signals a possible downturn for altcoins.

“Bitcoin has been showing strength for weeks now, outstripping other digital tokens, and scarcely flinching against the sort of geopolitical events in Asia and the Middle East that may have impacted it in the past,” said Petr Kozyakov. “With gold also running good all year, there’s now a case for saying that Bitcoin may have proven itself as an economic hedge and a long-term store of value.”

Other contributing factors include falling bond yields, a weakening dollar, and renewed institutional inflows into spot Bitcoin exchange-traded funds. According to Kronos Research CIO Vincent Liu, “Bitcoin is hovering near $100,000, a key psychological level for traders, after Trump hinted at a major trade deal, likely with the UK.”

Liu also noted that the leading cryptocurrency ETFs recorded $1.8 billion in inflows over the past week, signaling robust institutional strength.

What will occur if Bitcoin’s price rises?

If Bitcoin’s price increases, it can affect the cryptocurrency market and the economy. Increased investor confidence typically boosts altcoins, sometimes leading to an alt season in which altcoins outperform the leading cryptocurrency.

Beyond crypto, its rise can drive adoption as a store of value or payment method, attract regulatory scrutiny, and correlate with traditional markets.

Tags: BitcoinU.S.UK
Abimbola Samuel

Abimbola Samuel

Experienced crypto writer with 2+ years of expertise. Skilled researcher and analyst delivering high-quality articles. Providing insightful perspectives on the latest crypto trends.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.