09-05-2025
Bitcoin crosses $100,000 again, as US-UK trade deal lifts market mood
Bitcoin has once again crossed the $100,000 mark, fuelled by improved market sentiment following a trade agreement between the US and UK, suggesting President Trump's trade tensions with other countries may be April 9, 2025, Bitcoin, the world's largest cryptocurrency, was trading at $102,784.57, up by 3.73% over the previous day, at the time of writing (10.30 AM).advertisementETHEREUM AND ALTCOINS JOIN THE RALLYIt's not just Bitcoin that's booming. Ethereum has jumped by 16.20% since last day and is now trading at $2,213.45. Other altcoins like Solana, XRP, Cardano, Stellar and Chainlink have also shown strong gains, increasing by 7.35%, 4.68%, 7.67%, 8.02% and 7.30%, respectively, since the previous day.
According to Himanshu Maradiya, Founder and Chairman, CIFDAQ, 'Bitcoin has surged past the $100,000 milestone, signaling robust bullish momentum. Ethereum also exhibits strength, trading above $2,000, with increased whale activity and a resurgence in DeFi activity contributing to its upward trajectory.''The Bitcoin price smashes above the psychological barrier at $100K and marks the local highs at $104,175. After reclaiming a $2 trillion market cap, Bitcoin has become the world's fifth-largest asset, surpassing Amazon. Besides, the altcoins have also gained huge momentum as Ethereum rises above the pivotal resistance at $2,200 with over a 20% jump and Solana above $160,' mentioned FROM THE US-UK TRADE DEALadvertisementAdding to the momentum was the announcement of a fresh trade deal between US President Donald Trump and UK Prime Minister Keir Starmer. The agreement eases tariffs and signals a possible end to the trade tensions that began earlier this year. This helped lift market mood across sectors and gave crypto investors an added reason to feel positive.'The current surge marks the second leg of the broader bullish rally, and the opportunity to buy Bitcoin below the $100,000 mark may now be behind us. With institutional interest accelerating across the board, this rally underscores the rapid maturation of the crypto market and its growing acceptance as a mainstream asset class,' said Himanshu Watch
