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International Business Times
10-05-2025
- Business
- International Business Times
Bitcoin Surges Past $100,000 as US-UK Trade Deal Sparks Market Optimism
Bitcoin climbed above $100,000 on Thursday for the first time in nearly a month, in what marked a roaring comeback for the world's most widely used cryptocurrency. That is just weeks after a time when Bitcoin traded below $75,000 as the market navigated uncertainty. The rebound comes after a month of mixed economic signals for the global economy, between a growing interest in crypto ETFs, fresh stimulus from China, and easing geopolitical tensions. All of these factors, combined with a new major trade deal between the United States and the United Kingdom, have led to the reignition of investors' confidence. By Thursday afternoon, Bitcoin had climbed to $101,329.97, marking a 4.7% rise for the day. While it remains shy of the record peak above $109,000 seen in January, the latest jump highlights a significant rebound from recent lows. Ether, the digital asset powering the Ethereum platform, also saw notable gains, soaring over 14% to reach $2,050.46 — its strongest performance since the end of March. A new trade deal between U.S. President Donald Trump and British Prime Minister Keir Starmer has fueled the crypto rally. The deal, announced on Thursday, retains a 10% tariff on U.K. goods entering the U.S. while lowering British tariffs on American products from 5.1% to 1.8%. The deal represents a major breakthrough in trade relations since Trump resumed office in January and accelerated trade tariffs that roiled markets earlier this year. "It's a formidable feat," said Antoni Trenchev, a co-founder of the crypto platform Nexo, of the milestone $100,000 surge. He pointed out that just a few weeks ago, Bitcoin was trading at less than $74,000 and deemed that the recovery is testament to the power of long-term holding. "Buying peak fear can be very profitable," Mr. Trenchev said in the statement, noting that demand from long-term holders is helping to carry prices higher even as short-term investors keep selling. Earlier this year, Bitcoin faced pressure due to news that the Trump administration was imposing new tariffs on several major trading partners. This prompted a generalized risk-off sentiment, with traders unwinding risky positions, such as those from cryptocurrencies. The wider crypto market followed global equities into a freefall, with each experiencing substantial losses from February to April. But sentiment turned at the end of April. Analysts credit several factors for enabling Bitcoin's recovery. The factors include increased institutional investment, particularly in Bitcoin-related exchange-traded funds (ETFs), improving international relations, and recent measures by China to stimulate its economy through monetary easing. Brokerage firm LMAX Group's strategist Joel Kruger noted the significance of institutional investors. "We've observed constant inflows into crypto-dedicated ETFs. Add to that better trade relations and global stimulus, and you have a clear reason why Bitcoin is surging," Kruger said.
The Sun
09-05-2025
- Business
- The Sun
Bitcoin retakes US$100,000 on global trade deal optimism
NEW YORK: Bitcoin topped US$100,000 (RM427,093) on Thursday for the first time since early February, bolstered by a wide-ranging deal between the US and the UK in a sign that perhaps US President Donald Trump's trade war with the rest of the world is easing. By midday, bitcoin was trading at US$101,329.97, a 4.7% gain on the day. The world's biggest cryptocurrency has clawed its way back into positive territory for the year, although it remains below the record high of more than US$109,000 reached in January. Ether, the cryptocurrency for the Ethereum blockchain, surged more than 14% to US$2,050.46 after earlier hitting its highest since late March. Trump and British Prime Minister Keir Starmer on Thursday announced a 'breakthrough deal' on trade that leaves in place a 10% tariff on UK goods imported into the US, while Britain agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to US goods. The agreement is the first since Trump triggered a global trade war with a barrage of tariffs on trading partners following his return to the White House in January. 'The retaking of US$100,000 must go down as one of bitcoin's more formidable feats and is a reminder that buying peak fear – just last month bitcoin was languishing around US$74,000 – can be exceptionally lucrative,' Antoni Trenchev, co-founder of digital asset trading platform Nexo, said in an emailed comment. 'The speed of the rebound to US$100,000 amid a resumption of risk appetite sends a signal that US$109,000 and above are in its sights, as buying from long-term holders – those holding for at least 155 days – more than offsets selling by short-term holders.' Bitcoin and other crypto prices fell sharply between February and April, as traders fretted about Trump pushing through pro-crypto reforms more slowly than anticipated. The president's announcement of widespread tariffs in early April triggered a dash into safe havens, with bitcoin and other crypto prices tumbling in tandem with stocks and other higher risk assets. Other cryptocurrencies have not recovered so strongly, with ether still 50% off its late 2024 highs. Joel Kruger, market strategist at fintech company LMAX Group, said institutional investor inflows into bitcoin exchange-traded funds, easing geopolitical tensions and Chinese measures to boost monetary stimulus had contributed to bitcoin's surge. – Reuters
Business Recorder
09-05-2025
- Business
- Business Recorder
Bitcoin retakes $100,000 on global trade deal optimism
NEW YORK/LONDON: 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 $101,329.97, a 4.7% gain on the day. The world's biggest cryptocurrency has clawed its way back into positive territory for the year, although it remains below the record high of more than $109,000 reached in January. Ether, the cryptocurrency for the Ethereum blockchain, surged more than 14% to $2,050.46 after earlier hitting its highest since late March. Trump and British Prime Minister Keir Starmer on Thursday announced a 'breakthrough deal' on trade that leaves in place a 10% tariff on UK goods imported into the U.S., while Britain agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to U.S. goods. The agreement is the first since Trump triggered a global trade war with a barrage of tariffs on trading partners following his return to the White House in January. 'The retaking of $100,000 must go down as one of bitcoin's more formidable feats and is a reminder that buying peak fear - just last month bitcoin was languishing around $74,000 - can be exceptionally lucrative,' Antoni Trenchev, co-founder of digital asset trading platform Nexo, said in an emailed comment. 'The speed of the rebound to $100,000 amid a resumption of risk appetite sends a signal that $109,000 and above are in its sights, as buying from long-term holders – those holding for at least 155 days – more than offsets selling by short-term holders.' Bitcoin up by a fifth after Trump lists reserve tokens Bitcoin and other crypto prices fell sharply between February and April, as traders fretted about Trump pushing through pro-crypto reforms more slowly than anticipated. The president's announcement of widespread tariffs in early April triggered a dash into safe havens, with bitcoin and other crypto prices tumbling in tandem with stocks and other higher risk assets. Other cryptocurrencies have not recovered so strongly, with ether still 50% off its late 2024 highs. Joel Kruger, market strategist at fintech company LMAX Group, said institutional investor inflows into bitcoin exchange-traded funds, easing geopolitical tensions and Chinese measures to boost monetary stimulus had contributed to bitcoin's surge.
Indian Express
09-05-2025
- Business
- Indian Express
Bitcoin retakes $100,000 on global trade deal optimism
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 $101,329.97, a 4.7% gain on the day. The world's biggest cryptocurrency has clawed its way back into positive territory for the year, although it remains below the record high of more than $109,000 reached in January. Ether, the cryptocurrency for the Ethereum blockchain, surged more than 14% to $2,050.46 after earlier hitting its highest since late March. Trump and British Prime Minister Keir Starmer on Thursday announced a 'breakthrough deal' on trade that leaves in place a 10% tariff on UK goods imported into the U.S., while Britain agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to U.S. goods. The agreement is the first since Trump triggered a global trade war with a barrage of tariffs on trading partners following his return to the White House in January. 'The retaking of $100,000 must go down as one of bitcoin's more formidable feats and is a reminder that buying peak fear – just last month bitcoin was languishing around $74,000 – can be exceptionally lucrative,' Antoni Trenchev, co-founder of digital asset trading platform Nexo, said in an emailed comment. 'The speed of the rebound to $100,000 amid a resumption of risk appetite sends a signal that $109,000 and above are in its sights, as buying from long-term holders — those holding for at least 155 days — more than offsets selling by short-term holders.' Bitcoin and other crypto prices fell sharply between February and April, as traders fretted about Trump pushing through pro-crypto reforms more slowly than anticipated. The president's announcement of widespread tariffs in early April triggered a dash into safe havens, with bitcoin and other crypto prices tumbling in tandem with stocks and other higher risk assets. Other cryptocurrencies have not recovered so strongly, with ether still 50% off its late 2024 highs. Joel Kruger, market strategist at fintech company LMAX Group, said institutional investor inflows into bitcoin exchange-traded funds, easing geopolitical tensions and Chinese measures to boost monetary stimulus had contributed to bitcoin's surge.
Mint
08-05-2025
- Business
- Mint
Bitcoin surges past $100,000 mark on US-UK trade deal
cBitcoin 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 $101,329.97, a 4.7% gain on the day. The world's biggest cryptocurrency has clawed its way back into positive territory for the year, although it remains below the record high of more than $109,000 reached in January. Ether, the cryptocurrency for the Ethereum blockchain, surged more than 14% to $2,050.46 after earlier hitting its highest since late March. Trump and British Prime Minister Keir Starmer on Thursday announced a "breakthrough deal" on trade that leaves in place a 10% tariff on UK goods imported into the U.S., while Britain agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to U.S. goods. The agreement is the first since Trump triggered a global trade war with a barrage of tariffs on trading partners following his return to the White House in January. "The retaking of $100,000 must go down as one of bitcoin's more formidable feats and is a reminder that buying peak fear - just last month bitcoin was languishing around $74,000 - can be exceptionally lucrative," Antoni Trenchev, co-founder of digital asset trading platform Nexo, said in an emailed comment. "The speed of the rebound to $100,000 amid a resumption of risk appetite sends a signal that $109,000 and above are in its sights, as buying from long-term holders -- those holding for at least 155 days -- more than offsets selling by short-term holders." Bitcoin and other crypto prices fell sharply between February and April, as traders fretted about Trump pushing through pro-crypto reforms more slowly than anticipated. The president's announcement of widespread tariffs in early April triggered a dash into safe havens, with bitcoin and other crypto prices tumbling in tandem with stocks and other higher risk assets. Other cryptocurrencies have not recovered so strongly, with ether still 50% off its late 2024 highs. Joel Kruger, market strategist at fintech company LMAX Group, said institutional investor inflows into bitcoin exchange-traded funds, easing geopolitical tensions and Chinese measures to boost monetary stimulus had contributed to bitcoin's surge.
