#BTCBackto100K Bitcoin surpasses $100,000 for the first time since February

Bitcoin

On Thursday, it reached its highest level since February, once again exceeding the key level of $100,000.

The price of the flagship cryptocurrency rose nearly 6% last time, to $101,679.85, according to Coin Metrics.

The movement began overnight after President Donald Trump hinted at a trade announcement between the United States and the United Kingdom. Bitcoin continued to rise and reached $100,000 when Trump revealed the outlines of the agreement on Thursday morning. Stocks also rose.

"Bitcoin has not only reclaimed $100,000 for the first time in three months, but it has also reaffirmed its status as the most resilient asset as the prospects for trade deals with the United States improve," said Antoni Trenchev, co-founder of the cryptocurrency exchange Nexo.