Trump’s UK/US Trade Deal Boosts Crypto Market, As BTC Nears $100k

Major cryptocurrencies are seeing significant gains today following President Donald Trump’s new trade agreement with the UK. Bitcoin is now inching closer to the key $100,000 milestone, while several leading altcoins are recording strong intraday rallies.

Trump’s trade deal announcement

The market rally was first sparked by a Truth Social post from President Trump, in which he revealed plans for a news conference announcing a major trade agreement.

The announcement comes after a turbulent period of tariff escalations. Last month, the administration imposed sweeping 145% tariffs on several trading partners, rattling global markets. The prospect of a new agreement has reignited risk appetite across equities and crypto.

Altcoins lead the rally

Altcoins are outperforming Bitcoin in percentage gains, signaling strong risk-on sentiment and renewed retail interest. Several top tokens are flashing bullish technical signals:

Ethereum (ETH)

Ethereum is up 8.14%, with its RSI at 67.11, indicating solid momentum without breaching overbought levels. The MACD readings confirm a bullish crossover, and if sentiment holds, ETH could challenge the $2,000 resistance level.

Cardano (ADA)

ADA has gained 7.50% over the past 24 hours. Its RSI was at 59.16, showing healthy upside potential. The MACD supports the trend, pointing to further gains if bullish momentum persists.

Dogecoin (DOGE)

DOGE has posted steady gains with an RSI of 59.76 and a trading volume exceeding 148 million. Its strong liquidity and moderate technicals suggest that the meme coin is benefiting from the broader market’s renewed appetite for risk.

Solana (SOL)

Solana is showing some of the most bullish momentum among top altcoins. Its RSI is 64.56, and MACD indicators have confirmed a positive crossover. With a trading volume of 537,000, SOL could soon retest the $160 resistance zone.

XRP

Despite regulatory overhang, XRP is up 4.13% today, supported by an RSI of 54.00. After peaking above $3.00 in January, the token has found stability between $2.00 and $2.50, suggesting strong accumulation at current levels.

Is $100k Bitcoin inevitable?

Bitcoin is now less than 0.3% shy of the $100,000 mark, trading near $99,385 at press time. The RSI has climbed over 70.96, signaling strong momentum, though edging into overbought territory. The MACD also points to bullish strength, indicating the potential for continued upside.

Historically, when BTC breaks major psychological thresholds like $100k, price action tends to accelerate as new market participants rush in. The setup today appears to be no different.

What’s next for the market?

While optimism is high, traders remain cautious. The finer details of the trade agreement will determine the longer-term impact on markets, including crypto.

Short-term overbought conditions suggest a possible pullback or consolidation. However, strong technicals across multiple altcoins imply that any dip could be shallow and present new buying opportunities.

All eyes are now on Bitcoin’s $100,000 breakout. If it clears that barrier decisively, the momentum could spill into altcoins, creating fertile ground for a broader rally across the market.