📈Donald Trump propels Bitcoin towards $100,000
Welcome to the Daily Tribune for Thursday, May 8, 2025 ☕️
Hello Cointribe! 🚀
Today is Thursday, May 8, 2025 and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you couldn’t miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Sunny ☀️
24h crypto recap! ⏱
🐕 Despite its drop, Shiba Inu still attracts wealthy investors
Despite a 59% decrease, Shiba Inu retains 78% faithful holders. Wealthy investors continue to show interest in this cryptocurrency, demonstrating their confidence in its long-term potential.
⚙️ Ethereum deploys Pectra
Ethereum has launched the Pectra update, merging Prague and Electra to improve execution and consensus. EIP-7251 and 7702 introduce more efficiency for validators and a better user experience.
⚽ The $INTER token soars after the 4-3 win against Barcelona
Inter Milan beat Barcelona 4-3. A victory that caused a 10.5% increase in the $INTER token, which reached $1.19 the day after the match. Conversely, the FC Barcelona $BAR token fell by 19.5% in 24 hours. On-field performances directly influenced the value of these fan tokens.
💸 Binance wants to reduce its fees to compete with Ethereum and Solana
Binance plans to reduce its fees to rival Ethereum and Solana. This strategy aims to attract more users by offering more economical transactions.
Crypto of the day: EOS (EOS)
EOS is a third-generation blockchain designed to offer high performance, increased flexibility, and an optimized developer experience. It uses a consensus mechanism Delegated Proof of Stake (DPoS), allowing near-instant transactions with minimal fees. The platform is especially suited for developing decentralized applications (dApps) requiring significant scalability.
The native token EOS is used to access network resources such as CPU, NET, and RAM, needed for the operation of dApps. Holders can also participate in governance by voting for block producers. The initial distribution of EOS was carried out through an ICO in 2018, which raised over 4 billion dollars.
Recent performance:
Current price: $0.8315 USD
24-hour change: +18.92%
Market capitalization: approximately 1.29 billion dollars
Rank on CoinMarketCap: #61
Bitcoin flirts with $100,000 after a shock announcement from Trump
The symbolic milestone of $100,000 for Bitcoin has never seemed so close. In response to an unexpected announcement by Donald Trump about a strategic trade deal with the United Kingdom, the market triggered a brutal bullish impulse, projecting BTC just shy of its all-time high. But beyond the announcement effect, it is the intersection of geopolitics, monetary expectations, and crypto market maturity that gives renewed traction to Bitcoin's momentum.
An unprecedented trade deal boosts BTC
Donald Trump announced on Truth Social the imminent signing of a "big trade deal" with a "very respected" country, identified by the New York Times as the United Kingdom. This statement immediately galvanized the markets, pushing Bitcoin’s price from $97,759 to $99,140, thus approaching the symbolic $100,000 threshold.
Charlie Sherry, analyst at BTC Markets, highlights that the market contradicted bearish expectations by forming an unexpected bullish structure. Anthony Pompliano, for his part, adds that this type of agreement significantly increases the chances of a new ATH (All-Time High) in 2025.
The Fed holds rates, the market remains reactive
At the same time, the Federal Reserve chose to maintain its rates within a range of 4.25% to 4.50%, despite Trump’s pressure for a rapid cut. This decision caused a brief drop in Bitcoin to $95,866, followed by a quick rebound to $98,000. This movement reflects a structural reality: Bitcoin has institutionalized to the point of now being correlated with global monetary dynamics, while remaining sensitive to political narratives.
The Fed specified that a rate cut would only be considered in the case of a clear slowdown in inflation—a cautious stance, but one that leaves little room for immediate support to risky assets.
Bitcoin’s surge towards $100,000 should not be read as a simple emotional reaction to political news. It reflects a structural shift: BTC is asserting itself as a standalone macroeconomic asset, capable of reacting to geopolitical shocks while integrating global monetary cycles.
