#CryptoComeback
Bitcoin has surged past the $100,000 mark for the first time since February 2025, reaching approximately $101,300 on May 8, 2025. This rally is attributed to renewed investor optimism following the announcement of a new U.S.-U.K. trade agreement, which eased market uncertainties and boosted confidence in risk assets like cryptocurrencies .
The trade deal, announced by U.S. President Donald Trump and British Prime Minister Keir Starmer, maintains a 10% U.S. tariff on UK imports while the UK reduced tariffs to 1.8%, offering expanded market access to American goods . This development has been seen as a positive signal for the global economy, contributing to Bitcoin's price increase.
In addition to the trade agreement, other factors such as increased institutional inflows into Bitcoin ETFs and easing geopolitical tensions have played a role in Bitcoin's rebound . The broader market also responded positively, with U.S. stocks climbing alongside cryptocurrency-related shares .
Bitcoin's previous all-time high was over $109,000 in January 2025, and with the current momentum, experts suggest that the rally could continue, potentially targeting or surpassing that previous peak .
