After rising more than 10% this week, bitcoin stabilizes at $103,000 on Friday.
After Trump announced a trade agreement with the United Kingdom and before his weekend meeting with China, risk appetite is high.
For the fourth week, cryptocurrency ETFs in the U.S. attracted approximately $600 million in institutional demand up to Thursday.
After gaining more than 10% this week, Bitcoin (BTC) is stabilizing around $103,000 on Friday. The significant price increase of the cryptocurrency was supported by improved market sentiment after U.S. President Donald Trump signed a trade agreement with the United Kingdom, easing tariff-related concerns since Trump's election.
U.S. and Chinese leaders will meet on Saturday and Sunday to de-escalate the trade conflict. On Saturday, Chinese Vice Premier He Lifeng and U.S. officials Scott Bessent and Jamieson Greer will lead high-level trade negotiations in Switzerland.
As tariff anxiety decreases, Bitcoin rises to levels not seen since early February, just 5% away from its all-time high of $109,588.
A Bitcoin and Digital Assets Reserve Fund generates value through staking and airdrops without public funding. This follows pro-crypto legislation in New Hampshire earlier this week and shows state-level interest in digital assets.
Strategy bought 1,895 BTC for $180.30 million on Monday, bringing its total to 555,450 BTC. The company announced a $21 billion sale in the market to add BTC to its reserve last week during its first-quarter earnings presentation.
Semler Scientific added 167 BTC and currently holds 3,634 $BTC, becoming the fourth largest Bitcoin Treasury company in the U.S.
On Thursday, bitcoin closed above $103,200, above the daily resistance mark of $97,700 for the first time since early February. On Friday, it is trading at $103,000.
If BTC continues to rise, it could reach $105,000, its psychological threshold, before touching $109,588, its all-time high.
#BTCBackto100K+150K #BTCtrade #TradeStories #FOMCMeeting #Write2Earn $BTC
