Overview

• Bitcoin briefly surged above $99,000, reaching its highest level since February, as traders reacted to President Trump's announcement of a U.S.-UK trade deal.
• The Federal Reserve held interest rates steady at 4.25%–4.50%, citing a solid economic backdrop but warning of risks from tariff policies.
• Over $184 million in cryptocurrency liquidations occurred in the past 24 hours, driven largely by bearish bets, as Bitcoin's dominance climbed to a yearly high of 64.4%.
• The proposed U.S.-UK trade deal may include reductions in digital services taxes and tariffs on U.S. agricultural products, though details remain unconfirmed.
• Analysts caution that the crypto rally may be outpacing economic fundamentals, with sentiment buoyed by geopolitical developments and institutional adoption.