The US and UK have just done a trade deal. The US and China are soon to begin talks on trade. The US stock market is continuing to recover. With this, and so much more good news hitting markets, risk assets have been unleashed. Bitcoin (BTC) is currently above $103,000 and there could be a lot more upside price action to come.

US trade war heading towards peace

The trade deal that has been reached between the US and the UK is the first agreement among all the global trade disputes, and having been reached in such a short amount of time, it bodes well for many of the other battles on trade. 

That said, even though the UK managed to achieve certain concessions, the country is probably slightly worse off than before 10% tariffs were imposed by President Trump. Most of the 10% tariffs …