Why are cryptocurrencies rising today? Bitcoin surpasses $100,000 again.
Bitcoin has officially surpassed the $100,000 mark today, breaking this historic threshold after weeks of upward momentum.
Bitcoin's historic achievement comes amid significant diplomatic events worldwide. President Donald Trump announced yesterday, via Truth Social, a "major trade deal" with what he referred to as a "big and highly respected country," which, according to informed sources, is the United Kingdom.
This agreement between the United States and the United Kingdom indicates a possible reduction in global trade tensions and improves risk appetite in financial markets.
Meanwhile, U.S. Treasury Secretary Scott Bessent's trip to Switzerland to meet with officials from the Chinese Ministry of Commerce has generated even more optimism. "Current tariffs and trade barriers are unsustainable, but we do not want to decouple," Bessent stated during his announcement.
These diplomatic initiatives have contributed to a broader rebound in the cryptocurrency market, with a total market capitalization that increased by approximately 2.5% in the last 24 hours to reach $3.09 trillion today.
