Bitcoin (BTC: $101,299.06) has once again shattered the $100,000 barrier, defying market expectations in a classic display of its trademark volatility. The resurgence comes after months of turbulence, reigniting bullish sentiment as the cryptocurrency continues to outpace predictions. The world’s largest digital asset first breached the $100,000 threshold in December 2024, riding a wave of momentum following Donald Trump’s victory in the U.S. presidential election. Optimism peaked as prices soared above $109,000 just hours before Trump’s inauguration on January 20, 2025. However, the euphoria proved short-lived. As analysts scrambled to revise upward price targets, the market abruptly shifted. A steady decline ensued, culminating in a dramatic plunge to below $75,000 in early April. This downturn coincided with panic sparked by Trump’s announcement of aggressive tariffs targeting U.S. trading partners a move that rattled global markets. The fallout was even more severe for major altcoins. Solana (SOL: $160.08) and Ethereum (ETH: $2,089.44), for instance, suffered staggering losses, plummeting over 60% from their peaks during the sell-off. Yet, the narrative has swiftly reversed. Bitcoin’s rebound to six figures aligns with a broader recovery across financial markets, as investors appear to shrug off earlier trade-related anxieties. Traditional indices like the Nasdaq and S&P 500 have also climbed past pre-tariff levels, signalling renewed confidence in risk assets. Analysts attribute Bitcoin’s latest surge to optimism surrounding a newly inked U.S.-UK trade deal, which has eased fears of prolonged economic friction. The agreement, seen as a stabilising force for global commerce, has injected fresh momentum into crypto markets. As Bitcoin reclaims its spotlight, the rally underscores its enduring role as a barometer of macroeconomic sentiment and a reminder of its capacity to zag when the world expects a zig.
