Bitcoin Rockets Past $100K on Trump’s ‘Maxed-Out’ UK Deal – Volatility Ahead?
By: crypto news|2025/05/09 03:15:02
0
Share
The crypto markets opened in the green on Thursday morning as investors reacted positively to President Donald Trump’s confirmation that the U.S. will sign its first post-tariff trade deal with the UK.The move is being heralded as a step forward for global trade relations and a much-needed confidence booster for risk assets, including cryptocurrencies. Labeled by Trump as a “maxed-out deal,” the agreement appears to mark a shift in U.S. trade policy after years of escalating tariffs that unsettled markets and strained international relations.President Trump shuts down a negative reporter who asked if he is "overstating this deal because you need results?".President Trump: "This is a maxed-out deal, not like you said it very incorrectly." pic.twitter.com/kv12I8IjBf— Kim "Katie" USA (@KimKatieUSA) May 8, 2025Speaking at a press conference, Trump emphasized the scale and flexibility of the agreement, stating, “This is a maxed-out deal that we’re going to make bigger and we make it bigger through growth, but we have tremendous assets involved.”In response to skepticism about the deal’s depth—particularly British ambassador Peter Mandelson’s description of the agreement as “only a starting point”—Trump pushed back, asserting, “There’ll be changes made, there’ll be adjustments made because we’re flexible—but it’s very conclusive, and we think everyone’s going to be happy.”Mandelson, for his part, acknowledged the symbolic and strategic importance of the deal, saying, “This is not the end, just the beginning—there is more we can do in reducing tariffs and trade barriers so as to open up our markets to each other even more than we’re agreeing to today.”Bitcoin Surges Past $100K on Trump Trade DealThe crypto market wasted no time responding. Bitcoin surged above $100,000 in early morning trading, while Ethereum and a host of altcoins followed suit. Analysts believe the deal’s implications for easing global trade tensions have injected new optimism into risk-on assets.Nic Puckrin, crypto analyst and founder of The Coin Bureau, noted the timing of the rally. “Traders this morning are waking up to green candles—but not because of anything Fed Chair Jerome Powell said in yesterday’s FOMC press conference,” he said. “What the market cares about much more than interest rates is the rhetoric around tariffs, and President Trump has just thrown risk assets a big lifeline.”Spot Bitcoin ETFs See Strong FlowsHowever, Puckrin struck a note of caution. “It’s quite likely the announcement will be lacking in concrete details, which could be anticlimactic. Plus, at the moment, BTC is rallying on low volume, which is a recipe for short-term volatility.”He added that the broader outlook remains positive, citing strong flows into spot Bitcoin ETFs and increased institutional interest. “It’s shaping up to be a strong month, but prepare for some wild swings in either direction.”The market’s optimism was echoed by Charles Wayn, co-founder of Galxe, a leading Web3 growth platform. “Today’s announcement of U.S. tariff concessions for the UK and potentially the UAE is great news for the crypto industry,” said Wayn.“This uncertainty halted a crypto bull market many thought would last until at least July, and has particularly impacted altcoins.”Wayn sees the new trade agreement as potentially the first of several. “With more deals and concessions will come more certainty and better market conditions. And so, the bull market may revive yet, and altseason could still be on the horizon.”While traders wait for more details on the trade deal and monitor its ripple effects across global markets, the mood in crypto has undoubtedly shifted. For now, sentiment is bullish, but as ever in crypto, volatility lurks just beneath the surface.Is this the beginning of a sustained breakout, or simply another peak in a year already defined by turbulence? Markets will be watching closely.The post Bitcoin Rockets Past $100K on Trump’s ‘Maxed-Out’ UK Deal – Volatility Ahead? appeared first on Cryptonews.
You may also like

Concerns Behind the Binance Customer Service Controversy
As the user base expands to the scale of Binance today, relying on the personal efforts of the founder and a few employees to fill process gaps has become an unsustainable arrangement.

Mergers and acquisitions in the cryptocurrency market are exceptionally active
Behind the rise in mergers and acquisitions is a sluggish financing market, declining project valuations, and increased pressure for startup teams to exit. However, it also indicates that the cryptocurrency industry has not lost its capital vitality, but is completing resource reorganization in anot...

SpaceX Stock Prediction After the IPO: Can SPCX Reach $200 Before QQQ Inclusion?
SpaceX stock has become one of the hottest trades of 2026. Can SPCX reach $200 before QQQ inclusion? Discover the latest SpaceX stock prediction, analyst targets, Bitcoin exposure, and the key catalysts that could move SpaceX stock after its historic IPO.

Congratulations to Carl Moon on His Historic Ferrari Challenge Le Mans Podium Triumph
Crypto influencer and racing enthusiast Carl Moon finished third in the Ferrari Challenge Le Mans Coppa Shell class, marking his best result of the year. As his racing partner and sponsor, WEEX celebrates this remarkable achievement and continues to lead crypto’s journey beyond boundaries, uniting the innovation of digital assets with the passion of motorsport.

A16Z: The sun bears witness, SpaceX is worth 7.5 trillion
A deep analysis of Musk's ultimate grand vision: how SpaceX, xAI, and Tesla are deeply intertwined, using space AI data centers and Starships to gradually turn the sci-fi fantasies of Mars colonization and multi-planetary civilization into reality.

The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?
How does the GENIUS Act reshape the stablecoin landscape?

Can the CLARITY Act Become Law by July 4? Everything You Need to Know About the Final Battle
The CLARITY Act has cleared a major Senate hurdle, but the hardest battle is still ahead. With the July 4 deadline approaching, can the White House finally pass its biggest crypto regulation bill? Find the clues in our exclusive analysis below.

How to exit after asset tokenization?
Currently, three models have emerged, aimed at providing instant exit routes for tokenized real-world assets. Their differences lie in: who holds the funds required for exit, how efficiently the funds operate, and the extent to which this model can be scaled across different asset types.

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?
SpaceX Supply Chain Revealed: The Invisible Gold Mine Behind the Trillion-Dollar "Space Dream," from Nvidia's Computing Power Monopoly to China's Sole Supplier of Special Materials, these overlooked water-selling talents are the true wealth creation engine.

France vs Senegal World Cup 2026: Mbappe’s New Era Begins Against a Historic Rival
France vs Senegal World Cup 2026 preview: Can Mbappe lead France past Senegal after the shocking 2002 World Cup defeat? Full team news, predicted lineups, key battles, and WEEX's exclusive match prediction.

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?
The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record
Overview of Important Market Events on June 15

What is the connection between Huang Zheng of Pinduoduo and blockchain?
From Pinduoduo's "reverse insurance" to blockchain's smart contracts, this article explains how Huang Zheng's underlying logic uses "certainty" rules to reshape the flow of wealth for ordinary people.

Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...
Overview of Important Market Events on June 15

If the AI bubble has already burst, who will truly remain?
What remains after the AI bubble bursts? The plummeting cost of computing power is driving AI to accelerate the reshaping of various industries. What will be left after the major reshuffle is an irreversible revolution in real productivity.

Paul Graham: How to Make a Billion Dollars
Silicon Valley guru Paul Graham reveals the underlying logic of billion-dollar wealth: no need to cheat, just create products that users love intensely, allowing exponential growth to create wealth miracles.

After 18 years, blockchain has finally started to head towards the main channel
When AI becomes the new center of gravity in the capital market, the response of crypto VCs is not to stick to "Crypto-only," but to repackage crypto as the financial track, ownership layer, and autonomous system infrastructure of the AI era.

Claude enforces "facial recognition for household registration," starting in July, no ID card means no access?
Anthropic has issued an urgent notice that Claude users may face real-name verification in July. From now on, every time you use Claude, you may need to be prepared with your ID.
Concerns Behind the Binance Customer Service Controversy
As the user base expands to the scale of Binance today, relying on the personal efforts of the founder and a few employees to fill process gaps has become an unsustainable arrangement.
Mergers and acquisitions in the cryptocurrency market are exceptionally active
Behind the rise in mergers and acquisitions is a sluggish financing market, declining project valuations, and increased pressure for startup teams to exit. However, it also indicates that the cryptocurrency industry has not lost its capital vitality, but is completing resource reorganization in anot...
SpaceX Stock Prediction After the IPO: Can SPCX Reach $200 Before QQQ Inclusion?
SpaceX stock has become one of the hottest trades of 2026. Can SPCX reach $200 before QQQ inclusion? Discover the latest SpaceX stock prediction, analyst targets, Bitcoin exposure, and the key catalysts that could move SpaceX stock after its historic IPO.
Congratulations to Carl Moon on His Historic Ferrari Challenge Le Mans Podium Triumph
Crypto influencer and racing enthusiast Carl Moon finished third in the Ferrari Challenge Le Mans Coppa Shell class, marking his best result of the year. As his racing partner and sponsor, WEEX celebrates this remarkable achievement and continues to lead crypto’s journey beyond boundaries, uniting the innovation of digital assets with the passion of motorsport.
A16Z: The sun bears witness, SpaceX is worth 7.5 trillion
A deep analysis of Musk's ultimate grand vision: how SpaceX, xAI, and Tesla are deeply intertwined, using space AI data centers and Starships to gradually turn the sci-fi fantasies of Mars colonization and multi-planetary civilization into reality.
The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?
How does the GENIUS Act reshape the stablecoin landscape?
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com


