🔥 TRADE AND INVEST 🔥
President #TRUMP lands HISTORIC trade deal with the United Kingdom with tariffs 💯🇺🇸
Bitcoin ($BTC ), the world's biggest cryptocurrency, crossed $100,000 for the first time since February due to President Donald Trump's tariff policy change, which boosted crypto market confidence.
Bitcoin Is 6% Below All-Time High
Bitcoin fell significantly due to Trump's tough tariffs in recent months. The digital asset fell 25% to $74,000 from its January record high of $109,000.
After the President paused his “tariff war” on Thursday, crypto prices rose sharply thanks to a $6 billion trade accord with the UK.
The market's biggest cryptocurrency has risen 31% in 30 days, placing it 6.7% behind its all-time high. Crypto exchange Nexo co-founder Antoni Trenchev said:
Bitcoin has recaptured $100,000 for the first time in three months and reinforced its role as the ultimate bounceback asset as US trade talks improve.
Other prominent cryptocurrencies have benefitted from this trend. Ethereum (ETH) recovered $2,000 for the first time since late March after a 12% 24-hour jump, while Dogecoin (DOGE) rose 11%.
Bitcoin has performed well due to a pro-crypto government and increasing purchasing interest from spot-exchange-traded fund (ETF) investors, according to Trenchev. He said Bitcoin's 2025 outperformance versus US stock benchmarks proves its resilience and safety.
Global uncertainty poses challenges, analysts say.
Despite present euphoric attitude, Trenchev warned that Bitcoin's resiliency would be challenged in an unpredictable global macroeconomic and geopolitical context.
Bitcoin must break above its January high of around $109,350 to validate its upward trend, experts say. Trenchev expects the cryptocurrency's price to hover between $70,000 and $109,000 after the election.
Reclaiming $100,000 is a big deal for Bitcoin, he said. He continued, “Buying during peak fear—just last month Bitcoin was languishing around $74,000—can be exceptionally lucrative.”
