On Thursday evening, Bitcoin broke through the important psychological trading level of $100,000. This move came after a local low of $74,508 on April 87, creating a recent new high, primarily driven by the macroeconomic uncertainty stemming from President Donald Trump's imminent trade policies.

The world's largest cryptocurrency rose nearly 4% that day, up about 7.8% for the week, and has increased by 27.4% over the past 30 days. This marks the first time Bitcoin has reached the $100,000 level since February 4.

This week's rebound was triggered by discussions of a new round of trade negotiations between U.S. Treasury Secretary Scott Bessent and Chinese officials planned to be held in Switzerland. Trump stated on Thursday that a trade agreement may be reached this week, including an agreement with the UK.

The increase in BTC is due to an influx of funds. If these levels hold, Bitcoin could rise to an all-time high.