#CryptoComeback Bitcoin on Thursday hit its highest level since February, climbing back above the key $100,000 level.

The price of the flagship cryptocurrency was last higher by nearly 6% at $101,679.85, according to Coin Metrics.

The move began overnight after President Donald Trump first teased an announcement between the U.S. and the United Kingdom on trade. Bitcoin continued its climb and touched $100,000 as Trump revealed a broad outline of the agreement on Thursday morning. Stocks also rallied.

"Bitcoin has not only reclaimed $100,000 for the first time in three months but it’s also reaffirmed its status as the ultimate bouncebackability asset as the prospects for U.S. trade deals brighten," said Antoni Trenchev, co-founder of crypto exchange Nexo.