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International Business Times

Business

Marvie Basilan

Trump UK Trade Deal Pumps Crypto: $ETH Skyrockets, $BTC Hits $103K, $XRP Surges

Donald Trump Crypto Bitcoin United Kingdom XRP CoinGecko Ethereum SEC

Bitcoin, Ethereum, XRP, and all other Top 10 altcoins surged to the green Thursday after Trump announced a trade deal with the UK. (Credit: Traxer/Unsplash)

KEY POINTS

$BTC surged above $103,000 Thursday but failed to erase its previous all-time highs
$ETH was the largest gainer among Top 10 crypto coins, surging by 20% in the day
$XRP also climbed, buoyed by the news and the SEC's official closure of its Ripple lawsuit

The Trump administration on Thursday announced a trade deal with the United Kingdom, triggering a wild uptick in cryptocurrency prices as crypto users celebrated the big news following weeks of market downturns due to U.S. President Donald Trump's trade war.

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