Bitcoin surpassed the $100,000 mark on Thursday for the first time since February, driven by positive signals on trade relations between the United States and key partners.
The rally followed U.S. President Donald Trump’s announcement of a trade agreement with the United Kingdom, aimed at lowering U.S. tariffs on British products such as steel, aluminum, and vehicles.
Bitcoin rose 3.4%, while most other major cryptocurrencies also saw gains, according to Bloomberg. The cryptocurrency’s all-time high remains $109,000, reached on January 20, the day of Trump’s second inauguration.
The preliminary details of the deal include the U.K. speeding up customs processing for U.S. goods and reducing tariff barriers on U.S. agricultural, chemical, energy, and industrial exports.
This marks the first major trade deal since the U.S. imposed steep tariffs on dozens of its trading partners, signaling a potential shift in Washington’s trade strategy and fueling optimism in global markets.
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