Bitcoin's price shows significant growth amid the anticipation of an announcement regarding a new trade deal with a highly reputable country.
Overview of the Trade Deal Situation
The US President is set to announce an important trade deal with a respected country on Thursday. While the details remain unclear, this has already sparked market excitement.
Market Reaction and Analyst Opinions
Following the news of the deal, Bitcoin's price surged from $97,759 to $99,140. Analysts expect that Bitcoin could soon break the $100,000 mark. Charlie Sherry, head of finance at BTC Markets, noted that the market is moving contrary to expectations, with the deal likely being priced into Bitcoin already. Neil Jacobs from FOMO21 and crypto entrepreneur Anthony Pompliano also expressed confidence in Bitcoin's growth.
Historical Data on Bitcoin Prices
Bitcoin set a new all-time high of $109,000 on Trump's inauguration day. Prices fluctuated between $80,000 and $90,000 in early April before hovering around $99,000 following the imposition of tariffs.
The anticipated announcement of the trade deal could significantly impact the cryptocurrency market, with analysts predicting that Bitcoin may soon reach new heights.
