Bitcoin crossed the $100,000 threshold for the first time since February, fueled by expectations for an easing of global trade tensions.
The largest digital asset climbed as much as 4.9% to $101,519 on Thursday, as most other major tokens climbed even higher. Bitcoin rose to a record of around $109,000 on Jan. 20, the day US President Donald Trump was inaugurated for a second time. It later slumped as much as 30% after Trump’s embrace of tariffs spurred turmoil in global financial markets.
“It just speaks to the large amount of demand for digital assets in the industry, and especially Bitcoin,” said Cosmo Jiang of Pantera Capital. “There are just more and more buyers out there. We are also seeing the benefit of digital assets being digital can’t be tariffed. They are also a non-sovereign store of value. In times of economic stress, digital assets benefits.”
