Bitcoin has surged past the $100,000 mark for the first time since February, driven by renewed investor confidence following a major trade deal between the United States and the United Kingdom.
The world’s largest cryptocurrency touched a high of $109,241.11 on Thursday, echoing its January 20 peak—the same day U.S. President Donald Trump was inaugurated for his second term. This milestone comes amid improving global sentiment towards cryptocurrencies and easing market tensions.
Analysts React
“Now that the United States appears more reasonable and concludes agreements with other countries, cryptocurrencies are on the rise again,” said Stephane Ifrah, analyst at crypto platform Coinhouse.
Market watchers say Bitcoin is moving in tandem with the stock market, which has been buoyed by fresh optimism about global trade and potential crypto-friendly regulations.
Charlie Morris of ByteTree noted, “The UK trade deal is one good reason to be bullish because many more trade deals are likely to follow.”
From Volatility to Victory
Bitcoin’s resurgence follows a turbulent few months. After hitting $109K in January, it crashed to $75,000 in early April due to mounting economic uncertainty and a series of crypto-related scandals.
$LIBRA Collapse: Once backed by Argentine President Javier Milei, the cryptocurrency imploded after early investors dumped their holdings for profit, leaving latecomers with heavy losses. The fallout affected the broader crypto market.
Legal Trouble: Milei is now facing investigations in Argentina over potential fraud and misuse of office after heavily promoting $LIBRA.
Massive Theft: In February, Dubai-based exchange Bybit reported the largest crypto theft in history, with hackers stealing $1.5 billion in digital assets.
Regulation on the Horizon
Governments are responding. The UK recently published draft legislation to regulate digital assets like Bitcoin and Ethereum, following in the footsteps of the European Union.
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Crypto enthusiasts see this as a positive sign that regulatory clarity may finally bring more stability and institutional trust to the market.
Bottom Line
Bitcoin’s rebound to six figures is a major psychological and financial milestone, reflecting growing confidence in the crypto sector. With upcoming trade deals, increased regulation, and ongoing geopolitical shifts, the digital asset market could be gearing up for another bull run.
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