Bitcoin Soars Following U.S.-U.K. Trade Deal and Fed’s Interest Rate Hold

NEW YORK, N.Y. — Bitcoin surged to its highest level since late January as optimism grew following a U.S.-U.K. trade deal announced by President Trump. After a month of instability in the U.S. stock market, Bitcoin’s value climbed above $75,000 on Wednesday.

The jump in Bitcoin comes on the heels of the Federal Reserve‘s decision to maintain interest rates, giving investors renewed confidence in the cryptocurrency. Following the announcement of the trade deal, Bitcoin rose by 8% year-to-date, highlighting a renewed interest in digital currencies.

Trump’s pivot to fostering trade relationships coincided with his announcement on April 2 regarding Liberation Day tariffs, which initially caused Bitcoin values to plummet. Despite the uncertainty in Wall Street, Trump soon granted relief to various countries, excluding China, which has provided a stabilizing effect on the cryptocurrency market.

According to Bernstein analyst Gautam Chugani, approximately 80 companies have now adopted the Bitcoin standard, signaling a shift in market dynamics. This growing acceptance among firms indicates Bitcoin’s influence and potential as a mainstream asset.

As the cryptocurrency landscape evolves, Bitcoin continues to position itself as a key player in financial markets, reinforced by both governmental policy and corporate adoption.