Cryptocurrencies: bitcoin surpasses $100,000 for the 1st time in 3 months; ethereum jumps 13% after agreement

Cryptocurrencies: bitcoin surpasses $100,000 for the 1st time in 3 months; ethereum jumps 13% after agreement

Bitcoin surpassed the $100,000 mark for the first time in three months, after U.S. President Donald Trump announced the first trade agreement since his statement on tariffs on 'Liberation Day.'

Around 3:32 PM (Brasilia time), bitcoin was up 5.00%, trading at $101,377.36. Ethereum rose 13.7%, traded at $2,059.73, according to Binance data. The highlight was EOS, which accumulated a 30.27% increase from May 6 to 8, reaching a peak of $0.86, according to Ana de Mattos, an analyst at Ripio.

Although Trump's announcement was vague on details, Commerce Secretary Howard Lutnick stated that the agreement provides for increased imports of agricultural products from the U.S., such as ethanol, beef, and machinery. The American president also signaled a willingness to ease tariffs against China, a move that boosted the cryptocurrency market.#ETHCrossed2500

"Clarity around tariffs, whether through trade agreements or a de-escalation with China, seems to be exactly what bitcoin needed," evaluated Mackenzie Tatananni from Barrons.com. "It remains to be seen if the cryptocurrency can rise even further."#TradeStories

In addition to the geopolitical boost, spot bitcoin ETFs received $5.3 billion in inflows over the last three weeks, according to Geoff Kendrick of Standard Chartered (LON:STAN). He also highlighted that the company Strategy expanded its purchases and signaled plans for new acquisitions.

"One data point that caught attention was the entry of the Swiss National Bank, which began buying shares of the company," said Kendrick. "In addition, the sovereign fund of Abu Dhabi likely increased its exposure to cryptocurrency."$BTC #BTC走势分析 #BinanceAirdropNXPC