Bitcoin's 40% Jump: Trade Winds Blowing?
Bitcoin cryptocurrency cryptomonnaie coin placed at the location of Europe (EU) on a globe in ... More Clermont-Ferrand France on May 7 2025. (Photo by Romain Costaseca / Hans Lucas / Hans Lucas via AFP) (Photo by ROMAIN COSTASECA/Hans Lucas/AFP via Getty Images)
Bitcoin has been on a wild ride lately! It shot up almost 40% in just a few weeks, going from around $75,000 to a whopping $105,000.
Basically, everyone's feeling pretty good about things, especially after that trade deal the U.S. made with the UK. That deal really got folks pumped about investing, and Bitcoin's definitely feeling the love.
Now, all eyes are on this weekend's big meeting between the U.S. and China in Switzerland. It's a super important talk that could totally change how these two big economies work together, and that's a huge deal for Bitcoin.
Don't expect a full-on deal right away, but even if they just agree to dial back some of those tariffs, it could really keep the good vibes going and push Bitcoin even higher.
Everyone's watching closely to see what happens, because any positive news could mean even more money flowing into Bitcoin. With it hitting the 100k level, people are hoping that if things keep going well with these trade talks, Bitcoin's price could keep climbing.
Just remember – crypto's still a wild ride, and as a long-term investment option, you can explore the Trefis High Quality (HQ) Portfolio, which is rooted in quality that seeks reliability, predictability, and compounding growth. With a collection of 30 stocks, it has a track record of comfortably outperforming the S&P 500 over the last four-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
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