#CryptoComeback Bitcoin, very close to its historical peak
The recent surge of Bitcoin, catalyzed by Trump's announcement of a "comprehensive and complete" trade agreement with the United Kingdom, injected a dose of confidence into the financial markets. This news, shared through his Truth Social platform, unleashed a renewed appetite for risk, benefiting assets like cryptocurrencies.
"Immediately, we have Bitcoin breaking upwards, with a push that may continue this bullish movement up to a resistance above $105,000," says Sebastián Serrano, CEO and founder of Ripio, to iProUP.
Analyst Enrique Nievas tells iProUP that "the close correlation between traditional markets and crypto assets is undeniable: when economic stability looms on the horizon, risk assets tend to follow similar patterns to stocks and bonds."
A trade agreement of this magnitude, which promises stability and growth, has the potential to boost both traditional stock markets and the crypto universe. "With Bitcoin surpassing $100,000, traders' attention is now focused on the next resistance level, close to $105,000," asserts Nievas.