-
US-UK trade deal prompts massive short squeeze in Bitcoin
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 ... (full story)
