After three months, Bitcoin once again surged to $100,000, marking the third time Bitcoin has broken the $100,000 barrier since it first reached six figures on December 5 of last year.

U.S. President Trump announced last night (8th) in a press conference at the White House that a significant trade agreement has been reached with the UK, further opening American products to the UK market, while the UK will also remove many non-tariff barriers, allowing American products to pass through UK customs quickly in the future. He posted on Truth Social:

Today is an incredible day for America, as we have reached our first fair, open, and reciprocal trade agreement – something our past presidents never cared about.

We have reached the first historic trade agreement since Liberation Day with our strong ally, the UK. As part of this agreement, the U.S. will generate $6 billion in external revenue through a 10% tariff, creating $5 billion in new export opportunities for our great ranchers, farmers, and producers, and strengthening U.S. and UK national security by establishing a trade zone for aluminum and steel and a secure pharmaceutical supply chain…

Related details include:

  • Currently, the U.S. imposes a 25% tariff on cars exported from the UK, which will be significantly reduced in the future, with tariffs on steel and aluminum imports from the UK dropping to zero.

  • The UK will eliminate or reduce the 2% digital sales tax imposed on major U.S. e-commerce companies like Amazon, and tariffs on U.S. agricultural products will also be lowered…

Trump indicated that more details of the agreement are expected to be announced in the coming weeks, marking the first trade agreement reached with other countries since the tariff measures were announced on 'Liberation Day.' Additionally, Trump claimed during the press conference that he expects U.S. representatives to have a 'pleasant weekend' in negotiations with Chinese representatives, which is also seen as a positive signal for U.S.-China tariff trade negotiations.

The four major U.S. stock indices closed higher.

This progress has boosted investor sentiment, encouraging major U.S. stock indices to close in the green on Thursday:

  • The Dow Jones Industrial Average rose by 254.48 points or 0.62%, closing at 41,368.45 points.

  • The S&P 500 index rose by 32.66 points or 0.58%, closing at 5,663.94 points.

  • The Nasdaq index rose by 189.98 points or 1.07%, closing at 17,928.14 points.

  • The Philadelphia Semiconductor Index rose by 44.08 points or 1.00%, closing at 4,430.44 points.

Bitcoin climbed to $104,000.

Bitcoin has also seen a surge, soaring to $100,000, marking its first return to this key price level since February of this year, reaching a high of $104,295 this morning, currently reported at $102,734.

In response, Mercuryo CEO Petr Kozyakov commented:

Bitcoin has been performing strongly in recent weeks, surpassing other digital tokens and showing almost no impact from geopolitical events in Asia and the Middle East, which in the past may have caused disruptions.

With gold performing well throughout the year, there is now reason to say that Bitcoin may have proven itself as an economic hedge and a long-term store of value.

At the same time, VALR's Chief Marketing Officer Ben Caselin believes Bitcoin is likely to break $110,000 in the short term. He stated: 'Retail investors typically enter the Bitcoin market in the latter half of its four-year cycle, which may reach a macro peak in this fourth quarter.' He also mentioned that global cryptocurrency regulation advancements and several strategic Bitcoin reserve plans could lay the foundation for long-term growth after 2025.