Bitcoin breaks $100K amid trade deal optimism
Bitcoin surged past the $100,000 mark on Thursday, reaching a high of $101,879 before retreating slightly midday. This marks the first time bitcoin has crossed that threshold since February.
The rally coincided with news of a preliminary trade agreement between the United States and the United Kingdom. Analysts see this as a catalyst for renewed market optimism and investor confidence.
Bitcoin’s rapid movement suggests increased institutional buying and risk appetite in response to the improving geopolitical landscape.
Bitcoin still below all-time high set in January
Despite the recent rally, bitcoin remains under its all-time high of $109,350, set in January just before President Trump’s inauguration. After that peak, bitcoin fell to $84,299 by the end of February.
The decline followed the announcement of new tariffs and broader macroeconomic instability, which weighed heavily on the crypto sector.
Bitcoin struggled through early 2025, despite Trump’s embrace of digital assets and his promise to support the crypto economy.
Trump’s trade deal renews market optimism
President Trump called the US-UK agreement a “breakthrough” for trade. While limited in scope, the deal includes provisions for ethanol, beef, and machinery exports.
The announcement boosted global sentiment. The S&P 500 rose 1.4%, and other major cryptocurrencies such as Ether and Solana also posted gains.
Bitcoin’s rise appears tied to the broader wave of investor optimism and increased global cooperation on economic fronts.
Institutional bitcoin investment continues to rise
MicroStrategy (MSTR), one of the largest corporate holders of bitcoin, added $101 million worth of bitcoin to its reserves last week.
This move reflects growing confidence among institutions that bitcoin will remain a long-term store of value despite short-term volatility.
Bitcoin’s ability to rebound quickly after market shocks reinforces its reputation as a resilient asset.
Bitcoin gains align with broader sector momentum
Thursday’s gains weren’t isolated. The broader crypto market also rallied in response to the trade deal and improving investor sentiment.
The fact that multiple cryptocurrencies gained alongside bitcoin suggests a shift toward a renewed “risk-on” mindset in the markets.
This renewed appetite benefits bitcoin first and foremost, given its dominance in market capitalization and institutional adoption.
Bitcoin outlook remains cautiously bullish
While bitcoin’s momentum is strong, Prime Minister Keir Starmer noted that parts of the US-UK agreement are still under negotiation.
Markets may respond to any setbacks, but bitcoin’s recent rally reinforces its leadership in the digital asset space.
With institutions increasing holdings and geopolitical tensions easing, bitcoin appears well-positioned for continued growth — at least for now.