Finance
Bitcoin tops $100,000 on trade deal optimism
Published by Global Banking & Finance Review®
Posted on May 8, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 8, 2025
1 min readLast updated: January 24, 2026
Bitcoin hits $100,000 as US-UK trade deal boosts market confidence, marking a 4.8% daily gain and recovery in cryptocurrency trends.
NEW YORK (Reuters) - Bitcoin topped $100,000 on Thursday for the first time since early February, bolstered by a wide-ranging deal between the United States and the United Kingdom in a sign that perhaps U.S. President Donald Trump's trade war with the rest of the world is easing.
By midday, bitcoin was trading at $101,402.19, a 4.8% gain on the day. The world's biggest cryptocurrency has clawed its way back into positive territory for the year, although it remains off the all-time high above $109,000 reached in January.
(This story has been corrected to fix the record level to above 109,000, not 107,000 and month to January, not December, in paragraph 2)
(Reporting by Tommy Reggiori Wilkes and Gertrude Chavez-Dreyfuss; Editing by Mark Porter)
The article discusses Bitcoin's price surpassing $100,000 due to optimism from a US-UK trade deal.
Bitcoin gained 4.8% in a day, reaching $101,402.19, marking a recovery in the cryptocurrency market.
The price increase was influenced by a trade deal between the US and UK, suggesting easing trade tensions.
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