$BTC

Bitcoin rises and aims again for the mark of $100,000, eyeing techs and Trump.

Bitcoin is up nearly 3% this Thursday and is once again looking for the mark of $100,000, driven by the release of positive earnings from tech giants and expectations of trade agreements by the administration of American President Donald Trump.

Around 4:20 PM (Brasília time), Bitcoin was up 2.88%, quoted at $96,817.81 in the last 24 hours, while Ethereum advanced 4.49%, trading at $1,856.37, according to data from Binance.

After yesterday's market close, Microsoft (NASDAQ:MSFT) and Meta, two of the "Magnificent Seven", reported earnings and revenue above expectations in their reports. In an analysis, Tickmill Group mentions that the results suggest robust consumer demand, despite concerns about tariffs, which contributes to the rise of cryptocurrencies. By late afternoon today, Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) will announce their quarterly results.

This morning, Trump indicated that U.S. Treasury Secretary Scott Bessent is in trade negotiations with about 200 countries and that Commerce Secretary Howard Lutnick "doesn't stop negotiating". The President of Mexico, Claudia Sheinbaum, also stated that she and the Republican had a "very good" phone conversation and that they agreed to continue working together in the coming days. The easing of trade and tariff tensions helps Bitcoin's advance.

According to FxPro, cryptocurrencies are in "consolidation mode" and the global economy needs a positive catalyst for digital currency prices to break through the $100,000 barrier, reached for the last time in February of this year. "Such long consolidations usually build strength for new movements," it adds.