On Thursday evening, Bitcoin broke through the important psychological trading level of $100,000. This move comes after a recent low of $74,508 on April 87, primarily driven by macroeconomic uncertainty influenced by President Donald Trump's accessible trade policies.

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

The rebound this week was triggered by U.S. Treasury Secretary Scott Bessent's plans for a new round of trade negotiations with Chinese officials in Switzerland. Trump stated on Thursday that a trade agreement could be reached this week, including one with the UK.

The rise in BTC is due to increased capital flows. If these levels hold, Bitcoin could rise to an all-time high.