#BTCBackto100K The price of Bitcoin surpassed $100,000 on Thursday and is around $101,525 at the time of writing this article. The largest cryptocurrency sparked a rally in meme coins, AI tokens, and altcoins among the top 100 cryptocurrencies by market capitalization.

Bearish Bitcoin traders paid a high price for their investments, with over $118 million in short positions liquidated in the last 24 hours, according to data from Coinglass. Open interest in Bitcoin increased by 7% in the last day, surpassing $70 billion.

The surge in BTC's price comes in response to U.S. President Trump's announcement of a trade agreement between the United States and the United Kingdom.

The cryptocurrency market capitalization surpassed $3.21 trillion, meme coins and almost all tokens in the top 100 are on the rise.