For the first time since February, Bitcoin crossed the $100,000 mark on Thursday as investors’ desire for riskier assets increased following the announcement of a trade agreement between the US and Britain.
Bitcoin was up 4.7% for the day at $101,329.97 by midday.
The largest cryptocurrency in the world has recovered to turn a profit for the year.
Even yet, it is still below the all-time high of about $109,000 that was attained in January, just hours before US President Donald Trump took office.
For the first time, in December 2024, Bitcoin crossed the symbolic $100,000 mark.
According to Stephane Ifrah, an analyst at cryptocurrency platform Coinhouse, “cryptocurrencies are on the rise again now that the United States appears more reasonable and concludes agreements with other countries.”
