Cryptocurrency Markets Soar Following Trump Trade Announcement

Cryptocurrencies experienced a significant surge in value following surprise announcements related to trade agreements. This rise was driven by a potential new tariff agreement between the US and the UK, although the deal is unlikely to be as impactful as initially believed. While this announcement appears to have spurred gains in the crypto market, it also triggered concerns due to an unchanged 10% tariff that could potentially lead to longer-term trade tensions.