When President Trump agreed to tariff negotiations with the UK, the price of Bitcoin rose and exceeded $100,000, and it is predicted to exceed $120,000 by June 2025.

On May 8, 2025, US President Donald Trump and UK Prime Minister Keir Starmer announced that they had reached an agreement on tariff negotiations . Following this agreement, the price of Bitcoin rose and exceeded $100,000 (approximately 14.6 million yen) for the first time in three months since February 2025.

Bitcoin jumps above $100,000 for first time since February
https://www.cnbc.com/2025/05/08/crypto-market-today.html

StanChart analyst apologizes $120K bitcoin price call 'too low'
https://www.cnbc.com/2025/05/08/stanchart-analyst-apologizes-120k-bitcoin-price-call-too-low.html

Bitcoin Price Hits $100,000 for First Time Since February - Decrypt
https://decrypt.co/318527/bitcoin-price-100000-first-time-february

Crypto-Backed Stablecoin Bill Blocked Amid Trump Ventures Furor - Bloomberg
https://www.bloomberg.com/news/articles/2025-05-08/crypto-backed-stablecoin-bill-blocked-amid-furor-over-trump-memecoin

The US currently imposes a 25% tariff on cars manufactured in other countries, but this agreement will reduce tariffs to 10% on up to 100,000 cars produced in the UK per year, and it has also been revealed that tariffs on British steel and aluminium products will be reduced to 0%.

The price of Bitcoin continued to rise after President Trump's reelection in the 2024 US presidential election , exceeding $100,000 (about 14.6 million yen) for the first time in history in January 2025. The high price continued after that, but the price began to decline around February 2025.

After that, the price started to rise in early April 2025, and when it was reported that the US and UK had reached an agreement on tariff negotiations, it rose sharply and exceeded $100,000 (about 14.6 million yen). At the time of writing, the price of Bitcoin is $102,944.

The price in Japanese yen is 15,018,345.44 yen.

Cryptocurrency media Decrypt points out that 'institutional investors around the world have begun to place importance on Bitcoin as a diversification investment from the dollar.' In addition, Jeff Kendrick, an analyst at Standard Chartered Bank, predicts that 'Bitcoin will reach $120,000 (approximately 17.5 million yen) by the end of June 2025.' However, Marco Lim, managing director of Solowin Holdings, points out that 'whether Bitcoin reaches $120,000 is closely related to the interest rate policy of the Federal Reserve Board (FRB).'

In the United States, the 'GENIUS Bill,' which focuses on regulating stablecoins, was submitted to the Senate, but the bill failed to gather the 60 votes necessary to begin deliberations in a vote held on May 8, 2025, making its passage unlikely. In light of the soaring price of the virtual currency ' $TRUMP ,' the Democrats had requested that the GENIUS Bill include a clause prohibiting the president and senior government officials from profiting from virtual currency-related businesses during their term of office, but the Republicans rejected the Democratic request.

$TRUMP, the cryptocurrency issued by President Donald Trump, has a market capitalization of about $15 billion and is one of the world's leading cryptocurrencies. However, some experts are critical of its meme-coin nature.