- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Bitcoin price exceeds $103,000 on boost from trade talks.
- Crossed $100K twice in 2025, influenced by global M2 trends.
Bitcoin has surged past the $103,000 mark on May 9, 2025, marking a significant increase amid improved market sentiment following a
trade deal announcement between the US and UK.
Bitcoin’s Market Response
Bitcoin’s recent ascent to over $103,000 has drawn significant attention, characterized by nearly a 10% growth since the start of the week. Market sentiment has improved following the trade deal between the US and UK. Julien Bittel noted, “The correlation between Bitcoin price and global M2 money supply still tells the same story: We’re going higher.”
Julien Bittel, Head of Macro Research, highlighted Bitcoin’s alignment with the
global M2 money supply. Meanwhile, the US-UK trade deal, signed by leaders from both nations, has reinforced investor confidence. Howard Lutnick anticipates further international agreements, potentially benefiting Bitcoin further.
The immediate effects on the crypto market include a surge in Bitcoin’s market capitalization, now approximately $2.04 trillion. Trading volumes have also escalated, reflecting strong bullish momentum. The liquidation of $900 million in crypto shorts further underscores the current market trends.
Financial and Political Impacts
Financially, Bitcoin’s value has been buoyed by perceived stability and potential growth prospects. Politically, the
US-UK trade deal has shifted investor focus toward risk-on assets. This alignment has driven Bitcoin’s increasing traction within financial markets.
Looking ahead, analysts predict stability above the $100,000 level, contingent upon forthcoming geopolitical developments. Understanding market liquidity and monetary policies will remain crucial. Historical patterns suggest Bitcoin’s success in tracking global liquidity cycles, continuing its significance in the current climate.
Howard Lutnick, US Commerce Secretary, indicated that after the US-UK trade deal, he expects more deals with major economies soon, which has positively influenced risk-on assets like Bitcoin.
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