Bitcoin reclaims $100K as Trump-UK trade deal fuels crypto rally; memecoins surge

Bitcoin broke past the $100,000 mark on Thursday, hitting its highest level since February, as renewed optimism in global trade and risk assets boosted investor sentiment across financial markets.

The crypto rally was triggered by President Donald Trump’s announcement of a new US-UK trade framework, which sent Bitcoin and other digital assets sharply higher.

Bitcoin Magazine

@BitcoinMagazine
·Follow

JUST IN: $100,000 #Bitcoin 💥

8:52 PM · May 8, 2025
616

Reply

Copy link Read 42 replies

According to CoinMarketCap, Bitcoin surged more than 4% to trade at $100,857.41, reflecting renewed bullish momentum in the flagship cryptocurrency.

The move began overnight after Trump teased a forthcoming trade agreement with the United Kingdom, which was later confirmed, sparking gains in stocks, commodities, and crypto markets.

Source: CoinMarketCap

Altcoins, memecoins and equities jump

Equities also joined the rally, with the Dow Jones Industrial Average jumping nearly 400 points.

Shares of Coinbase and MicroStrategy, both closely tied to Bitcoin’s market performance, climbed around 5%.

Altcoins, which have lagged behind Bitcoin’s rally for much of 2025, staged a strong comeback.

Ether rose 12%, Solana’s native token added 9%, and Dogecoin spiked 11% — signaling broad-based enthusiasm returning to the digital asset space.

Since April 3, the day after Trump unveiled a controversial tariff proposal that temporarily shook investor confidence, Bitcoin has rallied approximately 16%.

Over the same stretch, gold has gained 6%, while the S&P 500 remains largely flat, reinforcing Bitcoin’s role as a leading risk-on asset in today’s macro environment.

The memecoin sector is also experiencing renewed investor appetite.

With Bitcoin’s bullish breakout, speculative tokens are surging in tandem, reversing the bearish mood that dominated much of the first quarter of 2025.

Trading volumes in memecoins have doubled in the past 24 hours, with sector-wide gains approaching 10%.

Top performers in the memecoin category include Mog Coin (MOG), Pudgy Penguins (PENGU), Brett (BRETT), and Official Trump (TRUMP), all of which are exhibiting breakout patterns and sharp rebounds.

The rally reflects a resurgence of speculative interest, particularly among retail traders capitalising on momentum-driven assets.

This latest leg up in crypto markets underscores how quickly sentiment can shift, especially in volatile sectors like memecoins.

As Bitcoin holds firmly above the $100,000 level, analysts suggest continued upward potential, especially if institutional flows and risk appetite remain elevated in the coming weeks.

The post Bitcoin reclaims $100K as Trump-UK trade deal fuels crypto rally; memecoins surge appeared first on Invezz