Bitcoin Hits 3-Month High on Trade Deal Optimism -- Market Talk

Dow Jones

05-08

0835 GMT - Bitcoin rises to a three-month high after President Trump said he was set to announce a major trade deal, boosting investor appetite for risky assets. Trump said in a post on his Truth Social platform that the deal was with a "highly respected country" and would be the first of many agreements. Media reports suggest the deal is with the U.K. It comes after China and the U.S. agreed to initiate negotiations in Switzerland over the weekend to de-escalate the trade war. Bitcoin rises to a high of $99,683, according to LSEG. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

May 08, 2025 04:35 ET (08:35 GMT)

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Media reports suggest the deal is with the U.K. It comes after China and the U.S. agreed to initiate negotiations in Switzerland over the weekend to de-escalate the trade war. Bitcoin rises to a high of $99,683, according to LSEG. (renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 08, 2025 04:35 ET (08:35 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}