May 10, referenced by Reference News Website reported that according to AFP's report on May 8, after the UK and US announced a trade agreement, investors' interest in high-risk assets increased, and the price of Bitcoin rose on May 8, breaking through the $100,000 mark for the first time since February this year.
Stéphane Eyfra, an analyst at "Maison de la Monnaie" in France, said: "Since the US seems to have become wiser and will reach trade agreements with other countries, the price of cryptocurrencies has started to rise again."
The price of Bitcoin first broke through the $100,000 mark in December last year, and reached $109,241.11 on January 20 this year, just a few hours before Donald Trump's inauguration as President of the United States.
Trump pledged to support cryptocurrencies during his campaign for a second term.
However, the US imposing tariffs on various countries suppressed financial markets and brought waves of uncertainty.
Although cryptocurrencies are not affected by Trump's tariff policies, they are known for their volatility, and investors quickly turned to safer assets such as gold when the tariffs were announced. (Translated by Hu Xue)
Original article: https://www.toutiao.com/article/7502721328631890467/
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