Bitcoin jumps above $100,000 for first time since February

Bitcoin on Thursday hit its very best degree since February, mountain climbing again above the important thing $100,000 degree.

The worth of the flagship cryptocurrency was once final upper through just about 5% at $100,881.90, in keeping with Coin Metrics.

The transfer started in a single day after President Donald Trump first teased a press release between the U.S. and the United Kingdom on industry. Bitcoin persevered its climb and touched $100,000 as Trump published a vast define of the settlement on Thursday morning. Stocks additionally rallied.

“Bitcoin has not only reclaimed $100,000 for the first time in three months but it’s also reaffirmed its status as the ultimate bouncebackability asset as the prospects for U.S. trade deals brighten,” stated Antoni Trenchev, co-founder of crypto alternate Nexo.

The contemporary marketplace uncertainty has been a boon for bitcoin — and it would proceed to raise the flagship crypto with traders starting to doubt the safe-haven standing of the U.S. Although the Trump management has walked again a few of its competitive rhetoric on price lists, traders are nonetheless on the lookout for readability on what industry coverage shall be.

“Bitcoin remains buttressed by a pro-crypto Trump administration along with hungry buying from spot-ETF investors … while its outperformance versus U.S. equity benchmarks in 2025 highlights its resilience and safe haven status,” Trenchev stated.

“Expect bitcoin’s resilience to be tested further in an uncertain and volatile global macro and geopolitical environment,” he added. “Look no further than rising tensions between India and Pakistan, which risk escalating into a full blown conflict. Meanwhile we have a Federal Reserve in no rush to cut rates and equally concerned about unemployment and inflation.”

Stocks rose widely, with the Dow Jones Industrial Average up greater than 500 issues. Coinbase complex greater than 5%, and Strategy received just about 7%.

Other cryptocurrencies, that have struggled to stay tempo with bitcoin this yr, rallied. Ether jumped 13%, whilst the token tied to Solana received 9% and dogecoin rose 11%.

Since Trump offered the tariff coverage in early April that rocked markets for a number of weeks, bitcoin is up greater than 16%. In the similar duration, spot gold has received just about 6% whilst the S&P 500 marginally upper.

Bitcoin is not out of the woods, then again, till it tops its January top of about $109,350, and the cryptocurrency may languish in its post-election buying and selling vary — between $70,000 and $109,000 — for some other two months, Trenchev stated.

Still, he added, “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.”