According to The White House, President Donald J. Trump announced a historic trade deal that will provide billions of dollars in increased market access for American exports, particularly in the agriculture sector (source: The White House Twitter, May 8, 2025). This significant policy move is set to impact not only traditional commodities but also the cryptocurrency market, as enhanced trade flows and stronger economic ties may lead to higher demand for blockchain-based cross-border payment solutions and stablecoins. Traders should monitor the potential for increased volatility and liquidity in both agricultural commodities and crypto assets tied to global trade activity.

According to Crypto Rover, Bessent stated that the first US trade deal could be finalized as early as this week or next week, potentially impacting Bitcoin price action. However, there is currently no official confirmation or evidence supporting Bitcoin reaching $100,000 this week. Traders should monitor trade deal developments for volatility in Bitcoin markets as institutional sentiment may shift following any confirmed agreements (source: Crypto Rover on Twitter, April 28, 2025).