Bitcoin briefly surged above $99,000, marking its highest price since February, driven by President Trump hinting at a potential trade agreement with the UK. This positive price action follows a steady hold on interest rates by the Federal Reserve at 4.25%–4.50%, and the overall economic outlook remains solid despite elevated uncertainty. Analysts suggest that traders perceive a 'Trump put' as a safety net for crypto investments. However, there are concerns that the current rally may be premature, lacking fundamental backing. In the backdrop, billionaires like Tim Draper argue for corporate Bitcoin adoption, while firms like Metaplanet are increasing their Bitcoin holdings against easing US-China trade tensions. Overall, the market sentiment remains high as traders speculate on Bitcoin aiming for the $100,000 mark, although caution is advised given the potential volatility from ongoing trade discussions with China.

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