#BTCBackto100K 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 globally. President Donald Trump announced yesterday, via Truth Social, a "major trade agreement" with what he referred to as a "large and very respected country," which, according to knowledgeable 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 the 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 total market capitalization increasing by approximately 2.5% in the last 24 hours to reach $3.09 trillion today.

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