#TradeStories
Bitcoin Hits Highest Level in Months as Market Eyes $100K Milestone.
Analysts told Decrypt traders see a “Trump put” under crypto, but warn the rally may falter without real policy follow-through.
President Trump’s tease of a U.S.-UK trade deal sent Bitcoin surging to its highest level since February.
The Federal Reserve held rates steady at 4.25%–4.50%, with Chair Powell citing “heightened uncertainty” but a “solid” economic backdrop.
Analysts told Decrypt that traders see a “Trump put” under crypto, but Nansen warned sentiment may be “getting ahead of fundamentals.”
Bitcoin briefly surged above $99,000 early Thursday, its highest price since February, as President Trump teased a possible international trade agreement with the UK.
The crypto asset is now within striking distance of its all-time high set in March and is now eyeing $100,000. The asset is up 2.6% after retreating from a daily high above $94,000, as per CoinGecko data