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

Bitcoin on Thursday deed its highest level since February, climbing backmost supra the cardinal $100,000 level.

The terms of the flagship cryptocurrency was past higher by astir 5% astatine $100,881.90, according to Coin Metrics.

The determination began overnight aft President Donald Trump first teased an announcement betwixt the U.S. and the United Kingdom connected trade. Bitcoin continued its ascent and touched $100,000 arsenic Trump revealed a wide outline of the statement connected Thursday morning. Stocks besides rallied.

“Bitcoin has not lone reclaimed $100,000 for the archetypal clip successful 3 months but it’s besides reaffirmed its presumption arsenic the eventual bouncebackability plus arsenic the prospects for U.S. commercialized deals brighten,” said Antoni Trenchev, co-founder of crypto speech Nexo.

The caller marketplace uncertainty has been a boon for bitcoin — and it could proceed to assistance the flagship crypto with investors opening to uncertainty the safe-haven presumption of the U.S. Although the Trump medication has walked backmost immoderate of its assertive rhetoric connected tariffs, investors are inactive looking for clarity connected what commercialized argumentation volition be.

“Bitcoin remains buttressed by a pro-crypto Trump medication on with bare buying from spot-ETF investors … portion its outperformance versus U.S. equity benchmarks successful 2025 highlights its resilience and harmless haven status,” Trenchev said.

“Expect bitcoin’s resilience to beryllium tested further successful an uncertain and volatile planetary macro and geopolitical environment,” helium added. “Look nary further than rising tensions betwixt India and Pakistan, which hazard escalating into a afloat blown conflict. Meanwhile we person a Federal Reserve successful nary unreserved to chopped rates and arsenic acrophobic astir unemployment and inflation.”

Stocks roseate broadly, with the Dow Jones Industrial Average up much than 500 points. Coinbase advanced much than 5%, and Strategy gained astir 7%.

Other cryptocurrencies, which person struggled to support gait with bitcoin this year, rallied. Ether jumped 13%, portion the token tied to Solana gained 9% and dogecoin rose 11%.

Since Trump introduced the tariff argumentation successful aboriginal April that rocked markets for respective weeks, bitcoin is up much than 16%. In the aforesaid period, spot gold has gained astir 6% portion the S&P 500 marginally higher.

Bitcoin isn’t retired of the woods, however, until it tops its January precocious of astir $109,350, and the cryptocurrency could languish successful its post-election trading scope — betwixt $70,000 and $109,000 — for different 2 months, Trenchev said.

Still, helium added, “the retaking of $100,000 indispensable spell down arsenic 1 of bitcoin’s much formidable feats and is simply a reminder that buying highest fearfulness — conscionable past period Bitcoin was languishing astir $74,000 — tin beryllium exceptionally lucrative.”