Bitcoin surpasses $100 again after announcement of agreement between the US and the UK; optimism about new trade pacts also boosts other cryptocurrencies.
Bitcoin surprised the financial market once again by surpassing the US$ 100.000 mark this Thursday, the 8th. This was the first time that the cryptocurrency reached this value since the beginning of February, rekindling optimism among investors and analysts.
The new jump occurs after a period of decline and instability, marked by the trade policies of United States and its repercussions on global markets.
At the time of writing, Bitcoin is trading at US$101.269,00.
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The Impact on Bitcoin of a UK Deal
The main factor behind Bitcoin's recovery was the announcement of a US-UK trade agreement.
The news was received with enthusiasm by investors, who had been showing concern about the effects of the US government's tariffs on the global economy.
On Thursday, the announcement was confirmed. Trump said the US had reached a deal “complete and comprehensive" with the United Kingdom. Although the term “trade agreement” was not explicitly used, the statement was interpreted by the market as a clear sign of progress in trade relations between the two countries.
The announcement also rekindled hopes that new agreements could be reached soon. According to Trump, “many other agreements” are in “serious negotiation stages".
The prospect of international economic stability has once again attracted investors to the cryptoasset market.
From a sharp decline to a surprising recovery
Bitcoin’s recent performance shows a turnaround in just over a month.
In April, the currency was traded below US$ 75.000, a direct reflection of the tariffs imposed by Trump.
The measures triggered a widespread fall in stock markets and also affected the cryptocurrency market.
This bearish scenario contrasts sharply with the current situation. With the new appreciation, Bitcoin has accumulated an increase of over 30% in the last thirty days.
In the last 24 hours alone, the price has risen by almost 4%. The current value of US$ 101.269,00 represents a significant recovery from the low recorded during the previous night, of around US$ 96.000.
Previous records and political influence
Bitcoin had already surpassed the $100.000 mark for the first time in December 2024. At the time, then-President-elect Donald Trump had announced Paul Atkins as the new chairman of the SEC (US Securities and Exchange Commission).
Atkins is known for advocating for more favorable policies towards the cryptocurrency sector. The appointment was interpreted as a positive nod to the digital market.
Shortly thereafter, in January, on the eve of Trump's inauguration for his second term, Bitcoin hit its all-time high of $109.114.
However, enthusiasm lost steam with the impact of trade tariffs, leading to the sharp drop recorded in the following weeks.
Now, with the resumption of trade agreements and more diplomatic signaling from the US government, market confidence appears to have been restored.
The role of trade agreements
According to Investing.com, optimism regarding trade agreements was the main driver behind Bitcoin's recent appreciation.
The announcement of the agreement with the United Kingdom and the promise of new partnerships were seen as signs of a more predictable economic environment.
This potential stability reduces investors’ risk aversion and encourages the search for alternative assets, such as cryptocurrencies.
The new moves suggest that the US government is looking for ways to alleviate the negative impacts caused by its own tariffs.
,The focus on rebuilding business ties can help restore trust not only in the traditional market but also in the digital asset universe.
Other cryptocurrencies also rise
The upward movement is not limited to Bitcoin. Other cryptocurrencies have also seen an increase in value over the last 24 hours, driven by the same climate of optimism. Ethereum, for example, rose 6,2%. XRP rose 3,1%. Solana, on the other hand, grew 4,2%.
Even so-called meme coins kept pace. Dogecoin gained 5,8%, while Shiba Inu gained 4,7%.
The market as a whole appears to be reacting enthusiastically to the possibility of greater global economic stability.
A possible new phase for the digital market
The current scenario indicates a possible new phase for the cryptocurrency market, with the return of confidence and the revival of positive expectations.
The appreciation of Bitcoin, driven by political and commercial factors, reinforces the influence that macroeconomic decisions still have on digital assets.
While volatility remains a core feature of cryptocurrencies, the jump above $100.000 represents more than just a number: symbolizes an important psychological milestone and reinforces Bitcoin's role as a relevant asset in the current economic scenario.