As news spreads that US President Trump is set to announce a significant trade agreement with the United Kingdom, Bitcoin (BTC) is approaching the psychological resistance level of $100,000 (approximately 146 million won), raising expectations of an all-time high.
On the 7th (local time), President Trump announced on his social platform 'Truth Social' that he plans to reveal a "major trade agreement with a large and prestigious country" on the 8th. The New York Times reported, citing three people familiar with the plan, that the target country for this agreement is the United Kingdom.
Immediately after Trump's statement, Bitcoin's price quickly rose. Before the announcement, Bitcoin was trading at around $97,759 (approximately 142.6 million won) and gradually increased to about $99,140 (approximately 144.8 million won) at the time of writing. According to cryptocurrency data provider CoinMarketCap, this is just on the verge of breaking the $100,000 mark.
Market participants believe that this trade negotiation could have a positive impact on Bitcoin by stimulating dollar weakness and risk asset preference. Especially since President Trump has previously shown a favorable stance towards cryptocurrencies, expectations for future digital asset policies are also reflected.
This heightened expectation goes beyond simple price movement, intertwining with prospects that cryptocurrencies could receive broader institutional acceptance during Trump's potential second term, fueling market optimism. The industry is closely watching how the actual agreement announcement and Trump's continued regulatory relaxation will support Bitcoin's strength.
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