⭐ The global trade situation has eased, driving Bitcoin to break through 100,000 US dollars.

Against the backdrop of ongoing fluctuations in the global economic landscape, the cryptocurrency market has once again become the focus. On May 8, local time, as U.S. President Trump announced a new trade agreement between the U.S. and the U.K. at the White House, Bitcoin prices surged, successfully breaking through the 100,000 USD mark for the first time since February of this year, instantly igniting market sentiment.
According to the documents released by the White House, in this agreement, the United Kingdom made concessions on the import of agricultural products, and the United States reduced tariffs on British automobile exports, and the two sides also cut tariffs on each other, the tariffs on steel and aluminum products exported from the United States by the United Kingdom were canceled, and the tariffs on automobiles imported from the United States by the United Kingdom were reduced from 27.5% to 10%, and within a certain quota, the export of British agricultural products to the United States was subject to zero tariffs, and the tariffs on ethanol imports from the United States were also reduced to zero. However, the so-called "reciprocal tariff" of 10% imposed by the United States has not been abolished, and the first 100,000 vehicles exported from the United Kingdom to the United States each year will be taxed at an additional tariff rate of 10%, and the excess will be taxed at an additional tariff rate of 25%. While many of the details of the deal are yet to be finalized in the coming weeks, the announcement has greatly eased global trade tensions caused by tariffs, easing investors' concerns about the global trade situation.