Analysis: Easing global trade tensions pushes Bitcoin past $100,000

PANews reported on May 8th that according to Jinshi, after Trump announced a trade agreement with the UK, people expected trade tensions to ease, which drove Bitcoin to break through $100,000 for the first time since February this year. On Thursday, the largest digital asset rose 3.4%, with most other major tokens also rising, and Ethereum even increased by 12%. On January 20th, the day Trump took office, Bitcoin's price reached a record high of around $109,000. Trump stated that all details of the agreement will be negotiated in the coming weeks. However, according to the agreement, the UK will accelerate customs procedures for US goods and reduce barriers to agricultural, chemical, energy, and industrial exports. This is the first agreement since Trump imposed high tariffs on dozens of US trading partners.