Bitcoin (BTC) flirted with $ 100,000 on Thursday, while large cryptocurrencies, including Dogecoin (DOGE) and Cardano gains led by Ada, stimulated by the dominant signals of the Federal Reserve and an unanswered trade agreement teased by President Donald Trump.
DOGE added 5% and ADA jumped 4%, while the ether (ETH), the BNB BNB, XRP (XRP) and Solana soil won 2% -3%. The Coindesk 20 (CD20) at broad base, a liquid index, according to the largest tokens, increased by 2.2%.
In an article on social networks on Wednesday evening, Trump said that the United States would reveal a “big” trade agreement with a “highly respected country” at a press conference scheduled for 10:00 a.m.. Bloomberg, Financial Times and New York Times all identified the country as the United Kingdom
The announcement would mark the beginning of “many” of these transactions, added Trump, which increases speculation that months of uncertainty fueled by prices should facilitate, possibly relaunching risks on the global markets.
Price concerns have shaken actions and raw materials in recent weeks. Any resolution that improves costs dynamics for American companies could serve as a rear wind for risk assets, including crypto.
Meanwhile, the decision of the federal reserve to maintain stable interest rates on Wednesday was not surprising, although it left divided markets when the cuts could start.
The CME Fedwatch tool shows probabilities for a reduction in July to the range of 4.00% to 4.25% to 55%, even if traders at the price of 100 cumulative basis of relaxation by the end of the year.
“Bitcoin dates back to $ 100,000 with the constant decision of the Fed rates and the subject of reductions in future prices which have more consideration by merchants,” said Semir Gabeljic, head of Pythagoras Investments. “Based on the pressure of the current administration on the Fed chair, everything is a possibility – of the origin is the only certainty.”
Other observers have warned that decision -makers could enter a period of stagflation, which occurs when high inflation, stagnant economic growth and an increase in unemployment occurred simultaneously – considered to be very harmful for a healthy economy.
“The federal reserve is faced with a dilemma of intensification policy that threatens both sides with its double mandate,” said Gabe Selby, research manager at Benchmarks CF, in Coindesk in a message.
“Companies that largely transmit the increase in tariff costs on consumers … Inflation should reactive over the next six months, while indicators of the labor market indicate a deterioration in employment prospects,” said Selby.
Selby added that if the FF benchmarks still warn that “about 100 bps of rate drops by the end of the year”, the Fed could be wrong by acting too late, risking new economic pain.
“In this macro volatile backdrop, Bitcoin has clearly become a key beneficiary,” noted Selby, citing record entries in the Bitcoin Etfs, including the Ibit of Blackrock, which experienced $ 4.3 billion in the entries during the month.
Meanwhile, Jupiter Zheng, partner of Hashkey Capital, said that the recent BTC price movements were part of a wider structural change.
“Bitcoin’s boom testifies to its coverage against macroeconomic and geopolitical volatility,” said Zheng. “Investors are increasingly consider the crypto as a fundamental part of the resilient portfolios.”
Read more: the risk signal for nourished stagflation could be optimistic for Bitcoin, says the analyst
