Bitcoin Surges Past $100,000 After US-UK Trade Deal Boosts Market Confidence

On May 8, 2025, Bitcoin surged past $100,000 for the first time since February, reaching $101,329.97—a 4.7% daily gain. The rally followed a U.S.-U.K. trade agreement announced by President Donald Trump and Prime Minister Keir Starmer, which eased market concerns over global tariffs. Ether also rose over 14% to $2,050.46. Analysts attribute the crypto rebound to renewed institutional inflows, easing geopolitical tensions, and Chinese economic stimulus measures. Bitcoin remains below its January peak of over $109,000 but has recovered significantly from April’s low of $74,000.