Bitcoin Surpasses $100,000 Following UK-US Trade Deal
Crypto Market Rebounds Amid Easing US-China Tariff Tensions
The cryptocurrency market experienced a significant rally over the past 24 hours, driven by the announcement of a trade agreement between the United Kingdom and the United States. Hopes for a potential easing of tariff tensions between the US and China further boosted investor sentiment. As a result, Bitcoin once again crossed the $100,000 mark for the first time since February this year, trading around $103,000 by late evening.
In January, Bitcoin had recorded an all-time high of $109,114.
Market analysts attribute the recovery in the crypto space to shifts in global policy, increased interest from institutional investors, and broader macroeconomic developments.
In addition to the positive sentiment from the UK-US deal, optimism surrounding a possible US-China trade agreement and the US Federal Reserve’s decision to keep interest rates steady have also contributed to bullish momentum in riskier digital assets like Bitcoin.
Policy-wise, support for Bitcoin is gaining traction, with states like Arizona and New Hampshire recently approving strategic Bitcoin reserve bills—indicating growing legislative backing for the digital asset.
Other leading cryptocurrencies have also seen notable gains: Ethereum rose by 22%, XRP increased by 8.7%, and Solana climbed by 9.7%. Ethereum was trading at around $2,375.
The global cryptocurrency market capitalization has now reached $3.22 trillion. Strong inflows into Bitcoin spot ETFs have also helped support price levels.
However, geopolitical tensions—such as India’s ongoing anti-terrorism initiative, Operation Sindoor, which has increased friction with Pakistan—could introduce short-term volatility to the crypto markets.