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

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

The worth of the flagship cryptocurrency was final increased by practically 5% at $100,881.90, based on Coin Metrics.

The transfer started in a single day after President Donald Trump first teased an announcement between the U.S. and the UK on commerce. Bitcoin continued its climb and touched $100,000 as Trump revealed a broad define of the settlement on Thursday morning. Shares additionally rallied.

“Bitcoin has not solely reclaimed $100,000 for the first time in three months however it’s additionally reaffirmed its standing as the final word bouncebackability asset because the prospects for U.S. commerce offers brighten,” mentioned Antoni Trenchev, co-founder of crypto alternate Nexo.

The latest market uncertainty has been a boon for bitcoin — and it may proceed to carry the flagship crypto with buyers starting to doubt the safe-haven standing of the U.S. Though the Trump administration has walked again a few of its aggressive rhetoric on tariffs, buyers are nonetheless trying for readability on what commerce coverage will likely be.

“Bitcoin stays buttressed by a pro-crypto Trump administration together with hungry shopping for from spot-ETF buyers … whereas its outperformance versus U.S. fairness benchmarks in 2025 highlights its resilience and protected haven standing,” Trenchev mentioned.

“Count on bitcoin’s resilience to be examined additional in an unsure and unstable international macro and geopolitical atmosphere,” he added. “Look no additional than rising tensions between India and Pakistan, which danger escalating right into a full blown battle. In the meantime we now have a Federal Reserve in no rush to chop charges and equally involved about unemployment and inflation.”

Shares rose broadly, with the Dow Jones Industrial Common up greater than 500 factors. Coinbase superior greater than 5%, and Technique gained practically 7%.

Different cryptocurrencies, which have struggled to maintain tempo with bitcoin this yr, rallied. Ether jumped 13%, whereas the token tied to Solana gained 9% and dogecoin rose 11%.

Since Trump launched the tariff coverage in early April that rocked markets for a number of weeks, bitcoin is up greater than 16%. In the identical interval, spot gold has gained practically 6% whereas the S&P 500 marginally increased.

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

Nonetheless, he added, “the retaking of $100,000 should go down as one among bitcoin’s extra formidable feats and is a reminder that purchasing peak concern — simply final month Bitcoin was languishing round $74,000 — could be exceptionally profitable.”