Bitcoin exceeds the mark of $ 100,000 in a new business deal

Bitcoin rose to more than $ 100,000 Thursday (May 8) for the first time in three months.

As Bloomberg News I mentionedThis increase was expected to relax tensions related to global tariffs after a new trade deal.

Bitcoin set a record 109,000 dollars in January on the opening of President Donald Trump. It later decreased by up to 30 % when Trump’s tariff led to the market shrinkage.

“He only talks about the amount of great demand for digital assets in the industry, especially bitcoin,” Cosmo Jiang to Pantira Capital Bloomberg said. “There is more and more buyers there. We also see the benefit of digital assets that cannot target digital assets. It is also an unpleasant store of value. In times of economic stress, digital assets benefit.”

Trump announced on Thursday an agreement with the British government. Although it is still being disposed of, this deal will witness rapid US exports in the United Kingdom through customs while lowering barriers on agricultural, chemical, energy and industrial exports.

The encryption sector has defended Trump on the campaign’s path and enjoyed the support of the president since he took office, Despite some early hiccups.

Meanwhile, the Trump family projects in the world of Democrats who warn that these companies have sparked conflict of interests.

“the Stablecoin launch By Trump’s global pen and financial freedom and a major investment agreement with a foreign entity that has intensified the audit, where critics argue that legislation can unintentionally benefit from Trump’s personal interests, “pymnts books Earlier this week. “With their large fears, Democrats in the Senate submitted on Tuesday the final corruption law for encryption, with the aim of banning federal officials and their families of investing in digital assets or supporting them.”

Meanwhile, the Senate was scheduled to vote on Thursday on the Genius (direction and creation of the national innovation of US Stablecoins), and sets a comprehensive set of standards for the issuance, support and operation of Stablecoins.

This legislation from STABLECOIN exporters will require licenses, with the supervision of their size. Fetins of assets less than $ 10 billion will be organized at the state level, while the largest sources will be subject to federal organizations.

Even if it is stablecoins Favorite average For a lot of criminal activity, the creation of an organized environment where these companies can work with law enforcement may be positive. ” Dan BoylePartner in Boies Schiller FlexnerTell Pymnts in April.