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US-UK trade deal prompts massive short squeeze in Bitcoin

From thearmchairtrader.com

The cryptocurrency market has witnessed an unprecedented surge, with Bitcoin prices surpassing $102,000, initially fueled by President Donald Trump’s announcement of a “major trade deal” with a “large and respected nation,” which turned into yesterday’s trade deal announcement. The unexpected statement, made via the Truth Social platform, was more than just a political headline; it reignited global risk appetite, particularly after a period of caution amid uncertainty surrounding American trade policy. Analysts said Trump’s remarks reflected “a clear intention by the President to steer market sentiment,” possibly ... (full story)

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