Bitcoin Crosses $100,000
Bitcoin crossed the $100,000 threshold primarily due to improved market sentiment following the announcement of a trade agreement between the United States and the United Kingdom by President Donald Trump, coupled with positive expectations regarding potential trade talks between the US and China.
On Thursday, May 8, 2025, Bitcoin surpassed $101,000 for the first time since February . This surge was fueled by improved market sentiment after President Trump announced a trade deal with the United Kingdom and expressed optimism about upcoming trade talks with China . The announcement of the US-UK trade deal, involving President Trump and UK Prime Minister Keir Starmer, helped lift market mood across various sectors and provided crypto investors with a positive outlook . The agreement eases tariffs and signals a possible de-escalation of trade tensions that had begun earlier in the year
Investors reacted by embracing a "risk-on" attitude, leading to rallies in assets perceived as riskier, such as stocks and Bitcoin, while safe-haven assets like gold and US government bonds fell . The Dow, S&P 500, and Nasdaq Composite all closed higher on Thursday . Bitcoin, specifically, climbed to a high of $101,500 on Thursday following the deal announcement . On April 9, 2025, Bitcoin was trading at $102,784.57, up by 3.73% over the previous day . The positive headline from the US-UK trade deal was considered enough to help continue the stock market's recovery .
The market sentiment, according to CNN's Fear and Greed index, shifted to "Greed" on Thursday, hitting its highest level since early December, indicating that investors were optimistic and willing to take on higher risks .The mood in the crypto market also turned to "Greed" according to the Crypto & Fear Index . The price jump came on the heels of the US-UK trade agreement and news that US and Chinese officials were preparing for renewed trade talks . This suggests that the easing of trade tensions and increased certainty in international politics played a significant role in driving Bitcoin's price higher