Bitcoin price exceeds $100,000 for the first time since February 2025 amid news of US-UK trade deal

As of May 8th, 19:20 CET, Bitcoin is worth more than $101 thousand.

• Other cryptocurrencies from the top 10 by market capitalization are also showing growth — over the hour and the day. Among the factors instilling optimism in investors are the anticipated meeting of the US Treasury Secretary with Chinese representatives on May 10-11, 2025, as well as a new trade agreement between the US and the UK.
• The US will maintain a 10% base rate on the import of British goods, but will revise tariffs on steel, aluminum, and machinery.
• Ether broke the $2000 mark for the first time since March 2025. Dogecoin and Cardano have increased in price by more than 10% in the last 24 hours. Sui — by 19%. Bitcoin Cash — by 15%.

• After the US presidential election, which Donald Trump won, Bitcoin set a series of price records. The latest was in January 2025 ($109 thousand).
• After this, the market experienced repeated downturns. First, due to the US president's decision to launch a 'trade war' with Canada, Mexico, and China. Later — due to his decree to increase tariffs on goods from as many as 185 countries and regions.

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