Bitcoin (BTC) flirted with $ 100,000 on Thursday as important cryptocurrencies, including Dogecoin (Doge) and Cardano Ada’s crypto earnings, promoted by Dovish signals of the Federal Reserve and a pending commercial agreement caused by the president of the United States, Donald Trump.
Doge added 5%and Ada jumped 4%, while Ethher (ETH), BNB of the BNB chain, XRP (XRP) and Sol de Solana earned 2%-3%. The Codek 20 (CD20) of broad base, a fluid index that tracks the largest tokens, increased 2.2%.
In a publication on social networks on Wednesday night, Trump said that the United States will present a “great” commercial agreement with a “highly respected country” at a press conference scheduled for 10 am et. Bloomberg, The Financial Times and New York Times identified the country as the United Kingdom
The announcement would mark the beginning of “many” of these agreements, Trump added, raising speculations that the months of uncertainty fed with tariffs will relieve, possibly revive the appetite of risk in global markets.
Tariff concerns have shaken basic actions and products in recent weeks. Any resolution that improves cost dynamics for US companies could serve as a tail wind for risk assets, including cryptography.
Meanwhile, the Federal Reserve’s decision to maintain stable interest rates on Wednesday was not a surprise, although it left the divided markets when the cuts could begin.
The CME Fedwatch tool shows probabilities for a July cut to the range of 4.00%-4.25%to 55%, even when merchants have a price in the 100 cumulative basic points of relief by the end of the year.
“Bitcoin is reducing up to $ 100K with the stable Fed rate decision and the issue of future tariff cuts that have more consideration by operators,” said Semir Gabeljic, head of investments of Pythagoras. “According to the pressure of the current administration about the president of the Fed, anything is a possibility: uncertainty is the only certainty.”
Other observers warned that policy formulators could be entering a period of stagns, which occurs when high inflation, stagnant economic growth and increased unemployment occurs simultaneously, considered highly harmful to a healthy economy.
“The Federal Reserve faces a dilemma of the intensifier policy that threatens both sides of its double mandate,” said Gabe Selby, head of research of CF Benchmarks, he told Coindesk in a message.
“Since companies largely pass the increasing rate costs to consumers … Inflation is expected to react in the next six months, while labor market indicators point to a deteriorated employment perspective,” said Selby.
Selby added that although the CF reference points still anticipate “about 100 bp of rates cuts at the end of the year”, the Fed could err acting too late, risking more economic pain.
“In this volatile macro backdrop, Bitcoin has clearly become a key beneficiary,” said Selby, citing record tickets in the ETF of the US Bitcoin Spot. UU., Including the Blackrock Ibit, which has seen $ 4.3 billion in tickets during the last month.
Meanwhile, Jupiter Zheng, Hashkey Capital partner, said the recent BTC price movements are part of a broader structural change.
“Bitcoin’s rise is a testimony of its coverage against macroeconomic and geopolitical volatility,” Zheng said. “Investors see more and more cryptography as a central part of resistant wallets.”
Read more: the fed stagclation risk signal could be optimistic for Bitcoin, says the analyst
