Why is Bitcoin Rising? The Price Approached 100 Thousand Dollars Again! - Coin Bulletin

The price of Bitcoin (BTC) has once again approached the 100 thousand dollar level as the Central Bank of the United States kept the (Fed) interest rates unchanged and President Trump signaled a major trade deal.

The leader of the cryptocurrency market, **Bitcoin (BTC)****, excited investors by approaching the $100,000 level for the first time since February. The Fed’s interest rate decision and the Trump administration’s announcement of a new trade deal stand out as the main reasons behind Bitcoin’s rise in recent days.

The Central Bank of the USA (Fed) announced yesterday that it did not change interest rates and kept them stable between 4.25% and 4.50%. The bank also stated that it would continue to reduce its bond portfolio. In the Fed’s statement regarding the economy, it was emphasized that economic activities continue strongly, but inflation is still above the targeted 2% level. This situation has become an important factor encouraging investors to turn to riskier assets.

The effect of Trump’s trade agreement

Another factor triggering the rise in Bitcoin prices was the news of the trade agreement expected to be announced today by Donald Trump, the President of the United States. Trump gave a positive message to the markets by stating that a trade agreement would be announced with a large and reputable country. Speculations that the agreement would be made with England increased investors’ risk appetite, causing Bitcoin prices to experience a rapid rise.

In the event of the agreement being realized, it is predicted that the reduction of tariffs will support economic growth and increase the attractiveness of risky assets such as Bitcoin by reducing inflationary pressures.

The macroeconomic environment is becoming suitable for Bitcoin.

Among the macroeconomic factors supporting the rise of Bitcoin are falling bond yields, weakening US dollar, and increasing institutional investments in Bitcoin ETFs. CoinPanel Senior Automation Specialist Dr. Kirill Kretov noted that the market is taking cautious yet positive positions, while emphasizing that investors have not yet entered an aggressive direction in the derivatives markets.

Additionally, K33 analysts have suggested that the market stagnation traditionally seen in the summer months will be different this year, advising investors to “Hold and stay in May”.

Bitcoin was trading at approximately 99,124 dollars at the time this article was prepared, and during the day it rose to 99,400 dollars. The eyes and ears of the markets will be on Trump’s press conference scheduled for today at 17:00 UTC.