Bitcoin (BTC) flirted with $ 100,000 on Thursday, when major cryptocurrencies including Dogecoin (DOGE) and Cardanos Ada Led Crypto market winnings, strengthened by Dovish Signals from Federal Reserve and a pending trade agreement teased by US President Donald Trump.
DOGE added 5%and Ada ran 4%, while Ether (ETH), BNB chain’s BNB, XRP (XRP) and Solana’s sun rose 2%-3%. The broad -based Coindesk 20 (CD20), a liquid index tracking of the largest tokens, increased 2.2%.
In a social media post late Wednesday, Trump said the United States will reveal a “large” trade agreement with a “highly respected country” at a press conference planned for 10 am one. Bloomberg, Financial Times and New York Times identified all of the country as UK
The message would mark the start of “many” such offers, Trump added, and raised speculation that months of customs uncertainty are set to ease, possibly revive risk appetite across global markets.
Tariff -Chydrums have shaken shares and raw materials in recent weeks. Any decision that improves the cost dynamics of US companies can serve as a headwind for risk assets, including crypto.
Meanwhile, the Federal Reserve’s decision to keep interest rates Steady on Wednesday was not surprising on Wednesday, although it left the markets divided when cuts could begin.
The CME FedWatch tool shows probabilities of a July section to 4.00%-4.25%at 55%, even then dealers prices in a cumulative 100 basic points with relief at the end of the year.
“Bitcoin goes back to $ 100,000 with the stable decision on bold rate and the topic of future interest rates that have more consideration for the traders,” said Semir Gabeljic, head of Pythagora’s Investments. “Based on the current administration’s pressure on the FED chairman, everything is an option – without consideration is the only security.”
Other observers warned that decision makers could enter into a period of stagflation that arises when high inflation, stagnant economic growth and rising unemployment occur at the same time – considered very harmful to a healthy economy.
“Federal Reserve faces an intensified political dilemma that threatens both sides of its double mandate,” Gabe Selby, head of research at CF Benchmarks, told Coindesk in a statement.
“With companies that largely pass rising customs costs to consumers … inflation is expected to respond over the next six months, while the labor market indicators point to an worsening employment prospects,” Selby said.
Selby added that although CF-Benchmarks still expects “about 100 BPS’s efforts at the end of the year,” bold failed by shopping too late and risking further financial pain.
“In this fleeting macro background, Bitcoin has clearly appeared as an important recipient,” noted Selby, referring to record inflow to us Spot Bitcoin ETFs, including Blackrocks Ibit, which has seen $ 4.3 billion in influx in the past month.
Meanwhile, Jupiter Zheng, a partner in Hashkey Capital, said BTC’s recent price movements are part of a wider structural shift.
“Bitcoin’s Rise is a testimony to her hedge against macroeconomic and geopolitical volatility,” Zheng said. “Investors are increasingly considering crypto as a core part of the resistant portfolios.”
Read more: Fed Stagflation Risk Signal Can Be Bullish For Bitcoin, says analyst