Bitcoin is nearing the $100,000 mark, fueled by President Trump’s announcement about a significant trade deal expected to be unveiled shortly.

Key Points:

• Bitcoin’s price spike comes as Trump reveals details of a tariff agreement with a “major, highly respected country”.
• Speculation is rife that the U.K. is the country involved, following reports leading up to an imminent news conference set for 10 a.m. ET.
• This surge in Bitcoin’s value aligns with favorable macroeconomic trends, including declining bond yields and a weakening dollar.

Bitcoin recently increased by over 5% within 24 hours, continuing a trend of growth amid improved economic conditions. Factors contributing to this momentum include drops in bond yields, a depreciating dollar, and renewed interest from institutional investors in Bitcoin exchange-traded funds (ETFs).

The anticipated announcement could also play a role in countering inflation and enhancing investment prospects in high-risk assets such as cryptocurrencies and technology stocks.