Bitcoin leads $ 100k for the first time since February after the Trump Trade Agreement with MB

Bitcoin reached $ 100,000 on Thursday for the first time since the beginning of February, strengthened by a wide agreement between the US and the United Kingdom in a sign that perhaps President Trump’s trade war with the rest of the world is being relieved.

From noon, Bitcoin was trading 101,329.97 dollars, a profit of 4.7% a day.

The world’s largest cryptocurrency has drawn its way into a positive territory for the year, though it remains under the high record of more than $ 109,000 reached in January.

Ether, Cryptocurrency for Blockchain Etereum, increased more than 14% to $ 2,050.46 after previously hitting the highest since the end of March.

Trump and British Prime Minister Keir Starmer on Thursday announced a “progress agreement” about the trade that leaves a 10% fee for the UK goods imported into the US, while Britain agreed to reduce its tariffs by 5.1% and provide greater access to US goods.

The deal is the first after Trump caused a global trade war with a host of fees for trade partners after returning to the White House in January.

“The growth of $ 100,000 should go down as one of Bitcoin’s scary deeds and it is a reminder that buying peak fears-just last month Bitcoin was about $ 74,000 to be extremely lucrative,” said Antoni Trenchev, co-founder of the Nexo Digital Trading Platform, in an email comment.

“The speed of return to $ 100,000 in the middle of a risk appetite resumption sends a signal that $ 109,000 and above are in its footage, as the purchase from long-term holders holding at least 155 days-more than sales compensation from the short-term holders.”

Bitcoin and other cryptocurrency prices fell sharply between February and April, as traders worried about Trump by pushing pro-Christo reforms more slowly than anticipated.

The president’s announcement on tariffs widespread in early April caused a ram in secure shelters, with Bitcoin and other cryptocurrency prices at the same time with shares and other assets at higher risk.

Other cryptocurrency has not been recovered so strongly, with Ether still 50% off its 2024 level.

Joel Kruger, market strategist at Fintech Company Lmax Group, said institutional investors enter funds traded from Bitcoin exchange, facilitating geopolitical tensions and Chinese measures to increase monetary stimulus had contributed to Bitcoin growth.