NEW YORK: Bitcoin surged past the $100,000 mark for the first time since early February, driven by renewed optimism following a broad trade accord between the United States and the United Kingdom, signaling a potential softening in President Donald Trump’s global trade stance.
By midday trading, Bitcoin was quoted at $101,329.97, reflecting a 4.7% gain on the day.
The cryptocurrency’s rally pushes it back into positive territory for 2025, although it remains shy of its all-time high of over $109,000 recorded in January.
In tandem with Bitcoin’s rise, Ether, the digital token powering the Ethereum blockchain, climbed over 14% to reach $2,050.46, marking its highest level since late March.
Antoni Trenchev, co-founder of digital asset platform Nexo, commented in an emailed statement, “Bitcoin reclaiming the $100,000 level is a remarkable milestone.
Just a few weeks ago, it was trading around $74,000, reflecting how buying during peak market pessimism can yield outsized rewards.”
He added that the rapid recovery reflects renewed risk appetite and is being fueled by long-term investors — those holding the asset for over 155 days — whose buying pressure is outweighing the profit-taking of shorter-term traders.
Between February and April, crypto markets, including Bitcoin, experienced a significant pullback as traders grew increasingly wary of delays in the rollout of pro-crypto policies by the Trump administration. The downturn was compounded by escalating trade tensions and the president’s announcement of new tariffs, which spooked investors and drove them toward traditional safe-haven assets.
The rebound comes amid a broader easing in geopolitical tensions, highlighted by the US-UK deal, which has been seen by markets as a sign of possible de-escalation in Trump’s trade disputes.
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Meanwhile, a combination of global factors is also supporting the latest crypto rally.
According to Joel Kruger, a strategist at fintech firm LMAX Group, “The rebound in Bitcoin has been bolstered by rising institutional investment flows into Bitcoin ETFs, monetary easing efforts in China, and an overall improvement in global investor sentiment.”
Despite Bitcoin’s impressive climb, other cryptocurrencies have not mirrored its performance.
Ether, for instance, is still trading 50% below its peak from late last year, suggesting that market confidence remains uneven across the broader crypto landscape.
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Nonetheless, Bitcoin’s surge past the symbolic six-figure threshold underscores renewed momentum in the digital asset market and highlights the resilience of investor demand in the face of global uncertainty.
