The price of Bitcoin climbed to approximately $95,400 as U.S. President Donald Trump hinted at upcoming trade deals ahead of a rally in Michigan. This increase reflects a 0.5% rise over the day, while other cryptocurrencies like Ethereum also saw gains. Analysts noted that Trump's forthcoming speech, expected to attract significant attention, could reinforce Bitcoin's legitimacy, particularly if his comments include positive references to cryptocurrencies. Additionally, Howard Lutnick, U.S. Commerce Secretary, mentioned that a trade deal was on the horizon but refrained from naming the country involved until official approval is secured. The cryptocurrency market appears to be responding to this optimism, with predictions that trade policy announcements will continue to influence risk assets like Bitcoin and other cryptocurrencies. As Trump pivots to focus more on foreign nations concerning trade, the impact of his administration's policies on inflation and economic growth remains a critical topic for investors.

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