Crypto Market Eyes Rally as Trump Teases Major Trade Deal

Key Notes

• President Trump announced a press conference to unveil a "major trade deal" with a "highly respected country." Reports suggest it could mark progress in US-UK trade talks.
• Analysts expect this to positively impact global markets.
• Ethereum (ETH) jumped in value following its Pectra upgrade, while Solana (SOL), XRP, Dogecoin (DOGE), and Cardano (ADA) posted gains of 3-5% amid improving macro. .

In a message on his social media platform Truth Social, US President Donald Trump has teased a “big” tariff deal with one of the highly respected countries and US allies, thereby setting the stage for a crypto market rally ahead.

As tensions surrounding the US trade war are likely to subside moving ahead, Bitcoin and altcoins have witnessed a healthy uptick over the past week. The Bitcoin

BTC $96 611

24h volatility: 2.1%

Market cap: $1.92 T

Vol. 24h: $29.09 B

price is up another 2.71% today, eyeing a breakout above $100K, while Ethereum (ETH) is up 5%, moving closer to $1,900 levels.

Crypto Market Speculation Rises on Donald Trump’s “Big” Trade Deal

US President Donald Trump stated that he would be announcing a “big” tariff deal with a “highly respected country” on Thursday morning 10:00 AM. Trump wrote:

“Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!”

Despite Trump not revealing the entire details, a New York Times report speculated that this could be a breakthrough in the US-UK trade deal going ahead. Reducing tariffs could help alleviate inflationary pressures, creating a more favorable environment for investing in crypto, tech, and other high-beta assets.

Bitcoin surpassed $99K for the first time since February, extending its weekly gains to nearly 5% amid improving macro conditions and renewed

ETH $1 845

24h volatility: 2.6%

Market cap: $222.72 B

Vol. 24h: $14.22 B

inflows.

Apart from

BTC $96 611

24h volatility: 2.1%

Market cap: $1.92 T

Vol. 24h: $29.09 B

, altcoins are also showing strength with

ETH $1 845

24h volatility: 2.6%

Market cap: $222.72 B

Vol. 24h: $14.22 B

gaining 5%, moving to $1,850 levels, a day after the Pectra upgrade went live on the

ETH $1 845

24h volatility: 2.6%

Market cap: $222.72 B

Vol. 24h: $14.22 B

mainnet. Other top altcoins like

SOL $150.7

24h volatility: 2.6%

Market cap: $78.04 B

Vol. 24h: $3.80 B

,

XRP $2.22

24h volatility: 0.8%

Market cap: $129.99 B

Vol. 24h: $2.17 B

,

DOGE $0.18

24h volatility: 5.1%

Market cap: $27.07 B

Vol. 24h: $1.05 B

, and

ADA $0.71

24h volatility: 3.3%

Market cap: $25.55 B

Vol. 24h: $547.02 M

, have gained anywhere between 3-5%.

What to Expect From Trump Trade Talks?

The New York Times reports, citing three sources familiar with the matter, that the United States is set to enter into a trade deal with the United Kingdom.

Timothy C. Brightbill, an international trade attorney at Wiley Rein, noted that the announcement is likely an agreement to begin negotiations, outlining a framework of issues to be addressed in the coming months.

He added: “We suspect that tariff rates, nontariff barriers and digital trade are all on the list — and there are difficult issues to address on all of these.”

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