Bitcoin, Ethereum Surge Amid US-UK Trade Deal Hopes

Cryptocurrency markets experienced significant gains driven by optimism over interest rate cuts, a new U.S.-U.K. trade deal, and renewed institutional interest. Bitcoin surged above $100,000, reaching levels not seen in months, with projections suggesting potential growth to $124,000 by 2025. Ethereum saw notable gains as well, climbing over 15% in one day to above $2,000, aided by a large whale deposit and the easing of trade tariffs between the U.S. and U.K. Other cryptocurrencies, including Dogecoin and various altcoins, also posted strong increases, reflecting broad market momentum. The U.S.-U.K. trade agreement, which reduced tariffs on key goods, was cited as a key factor enhancing investor confidence across both traditional and crypto markets. Despite these gains, market watchers remain cautious due to ongoing geopolitical uncertainties and the need for sustained upward movements in Ethereum to support overall altcoin recovery.