Bitcoin surges to £76,700 amid US‑UK trade deal boost
Following the announcement of the US and UK trade agreement, Bitcoin experienced a noteworthy surge, reaching its highest value since February. The price of this cryptocurrency surpassed £75,000, which may indicate growing investor confidence in an unstable macroeconomic environment, CNBC reports.
The decision by Donald Trump's administration to announce the trade agreement between the US and the UK contributed to the revival in the cryptocurrency market. Bitcoin, the most popular cryptocurrency, gained value and, for the first time since February, exceeded £75,000, reaching a price of £76,700.
According to Coin Metrics data, the increase was almost 6 per cent within a few hours, beginning shortly after the White House revealed the outline of the trade agreement.
Despite previous turbulence caused by Trump's tariff policy, which created uncertainty in the markets, Bitcoin gained prominence as an alternative asset.
In times of uncertainty, investors are increasingly turning to safer havens such as cryptocurrencies, which offer greater resilience to traditional economic fluctuations.
Not only Bitcoin is rising
As noted by Antoni Trenchev, co-founder of the cryptocurrency exchange Nexo, Bitcoin remains susceptible to volatility but can currently become an attractive alternative for investors seeking stability in an unstable global environment.
Meanwhile, other cryptocurrencies such as Ethereum, Solana, and Dogecoin have also experienced increases, but Bitcoin remains the leader in this field.
Despite the increases, experts predict that Bitcoin will not be completely safe until it reaches the level of £82,500, which was its maximum in January. In the next two months, Bitcoin's rate may remain between £53,000 and £82,500, and further market stabilisation depends on the final decisions of the Trump administration regarding trade policy, reports suggest.
