According to The Kobeissi Letter, President Trump announced that the US has reached a 'full and comprehensive' trade agreement with the UK, a development likely to impact the cryptocurrency market by boosting investor confidence in transatlantic trade stability and increasing demand for cross-border digital asset transactions. Market participants can expect heightened volatility in both traditional and crypto assets as traders recalibrate their strategies in response to improved economic ties between two major economies (source: The Kobeissi Letter, May 8, 2025).