The crypto markets opened in the green on Thursday morning as investors reacted positively to President Donald Trump’s confirmation that the U.S. will sign its first post-tariff trade deal with the UK. The move is being heralded as a step forward for global trade relations and a much-needed confidence booster for risk assets, including cryptocurrencies. Labeled by Trump as a “maxed-out deal,” the agreement appears to mark a shift in U.S. trade policy after years of escalating tariffs that unsettled markets and strained international relations. President Trump shuts down a negative reporter who asked if he is "overstating this deal because you need results?". President Trump: "This is a maxed-out deal, not like you said it very incorrectly." pic.twitter.com/kv12I8IjBf — Kim "Katie" USA (@KimKatieUSA) May 8, 2025 Speaking at a press conference, Trump emphasized the scale and flexibility of the agreement, stating, “This is a maxed-out deal that we’re going to make bigger and we make it bigger through growth, but we have tremendous assets involved.” In response to skepticism about the deal’s depth—particularly British ambassador Peter Mandelson’s description of the agreement as “only a starting point”—Trump pushed back, asserting, “There’ll be changes made, there’ll be adjustments made because we’re flexible—but it’s very conclusive, and we think everyone’s going to be happy.” Mandelson, for his part, acknowledged the symbolic and strategic importance of the deal, saying, “This is not the end, just the beginning—there is more we can do in reducing tariffs and trade barriers so as to open up our markets to each other even more than we’re agreeing to today.” Bitcoin Surges Past $100K on Trump Trade Deal The crypto market wasted no time responding. Bitcoin surged above $100,000 in early morning trading, while Ethereum and a host of altcoins followed suit. Analysts believe the deal’s implications for easing global trade tensions have injected new optimism into risk-on assets. Nic Puckrin, crypto analyst and founder of The Coin Bureau, noted the timing of the rally. “Traders this morning are waking up to green candles—but not because of anything Fed Chair Jerome Powell said in yesterday’s FOMC press conference,” he said. “What the market cares about much more than interest rates is the rhetoric around tariffs, and President Trump has just thrown risk assets a big lifeline.” Spot Bitcoin ETFs See Strong Flows However, Puckrin struck a note of caution. “It’s quite likely the announcement will be lacking in concrete details, which could be anticlimactic. Plus, at the moment, BTC is rallying on low volume, which is a recipe for short-term volatility.” He added that the broader outlook remains positive, citing strong flows into spot Bitcoin ETFs and increased institutional interest. “It’s shaping up to be a strong month, but prepare for some wild swings in either direction.” The market’s optimism was echoed by Charles Wayn, co-founder of Galxe, a leading Web3 growth platform. “Today’s announcement of U.S. tariff concessions for the UK and potentially the UAE is great news for the crypto industry,” said Wayn. “This uncertainty halted a crypto bull market many thought would last until at least July, and has particularly impacted altcoins.” Wayn sees the new trade agreement as potentially the first of several. “With more deals and concessions will come more certainty and better market conditions. And so, the bull market may revive yet, and altseason could still be on the horizon.” While traders wait for more details on the trade deal and monitor its ripple effects across global markets, the mood in crypto has undoubtedly shifted. For now, sentiment is bullish, but as ever in crypto, volatility lurks just beneath the surface. Is this the beginning of a sustained breakout, or simply another peak in a year already defined by turbulence? Markets will be watching closely. The post Bitcoin Rockets Past $100K on Trump’s ‘Maxed-Out’ UK Deal – Volatility Ahead? appeared first on Cryptonews .
