#squarecreator - Bitcoin reaches $101,071.9 as greed returns to the market.
$BTC Bitcoin BTCUSD has reached a new milestone by surpassing $101,071.9, marking its highest level since February. This revaluation has occurred amid a global optimism environment, largely fueled by news of trade agreements and speculation about the U.S. economy.
The break above $100,000 was catalyzed by a crucial announcement from U.S. President Donald Trump regarding a trade agreement with the United Kingdom.
The statement, published on his Truth Social account, generated a wave of confidence in financial markets, leading to an increase in risk appetite and, consequently, a strong rebound in high-risk assets such as Bitcoin.
“The agreement with the United Kingdom is complete and comprehensive. […] Many other agreements, which are in serious stages of negotiation, will follow,” revealed the President of the United States.
The connection between traditional markets and cryptocurrencies is closer than it seems. Risk assets, such as cryptocurrencies, tend to follow the same patterns as stocks or bonds when there are significant changes in the economic environment. A trade agreement that favors stability can boost both traditional markets and Bitcoin.
“The statement […] was more than just a political headline: it reignited global risk appetite, particularly after a period of caution amid uncertainty regarding U.S. trade policy,” said XS.com analyst Rania Gule, as cited by Barron’s.
With Bitcoin touching $101,071.9, traders are now setting their sights on $105,000 as the next resistance level. If the trade agreement with the United Kingdom and other ongoing agreements materialize smoothly, many analysts suggest that Bitcoin could register new all-time highs in the short term.