Bitcoin Soars Past $100,000 on U.S.-UK Trade Deal Boost
Bitcoin Hits Highest Since February
Bitcoin surged past $100,000 on Thursday, gaining 4.7% and trading at $101,329.97 by midday. The rally marks its first return to six-figure territory since early February. Traders welcomed a new U.S.-UK trade agreement, easing fears of a prolonged trade war.
Trade Deal Sparks Market Optimism
U.S. President Donald Trump and UK Prime Minister Keir Starmer announced the deal Thursday. The agreement maintains a 10% U.S. tariff on UK goods but reduces UK tariffs to 1.8%. Britain will also offer better market access for U.S. goods, boosting investor sentiment.
Experts See Strong Bullish Signals
Nexo co-founder Antoni Trenchev praised Bitcoin’s sharp rebound from last month’s $74,000 lows. He called the $100,000 milestone a “formidable feat” driven by long-term holder confidence. Trenchev noted that long-term holders continue buying as short-term holders sell off. He believes Bitcoin could soon test its record high above $109,000.
Ether Rallies Strongly But Trails Bitcoin
Ether jumped 14% to $2,050.46, reaching its highest point since late March. However, Ether still trades 50% below its late 2024 highs, lagging Bitcoin’s recovery.
Institutional Demand Fuels Momentum
LMAX Group strategist Joel Kruger credits ETF inflows and geopolitical stability for the surge. He said institutional investors show strong interest, especially as risk appetite returns to markets. Kruger also highlighted Chinese stimulus measures as a positive factor for crypto prices. Crypto prices tumbling in tandem with stocks and other higher risk assets.
Trump’s Tariffs Previously Weighed on Crypto
Earlier in April, Trump’s tariffs caused market panic and hurt Bitcoin’s price. Crypto prices dropped alongside stocks as investors fled to safer assets.
Bitcoin Eyes New Highs
With renewed buying and trade optimism, Bitcoin eyes a return to its $109,000 record. Market sentiment remains bullish as long-term holders accumulate and institutional support strengthens.