2025-05-09T08:35:05+00:00
Shafaq News/
Bitcoin surpassed the $100,000 mark late Thursday, reaching $103,000 for the
first time since early February. The rally followed a broad agreement between
the United States and the United Kingdom, signaling that President Donald
Trump’s global trade tensions may be easing.
By early
Friday, Bitcoin traded at $103,133, up 5.84%. Despite recent volatility, the
world’s largest cryptocurrency returned to positive territory for the year,
though it remains below its January high of over $109,000.
Ethereum
also gained momentum, rising more than 14% to $2,050.46 after hitting its
highest point since late March.
Anthony
Trenchev, co-founder of Nexo, described Bitcoin’s rebound to $100,000 as one of
its most remarkable achievements. Last month, it was trading around $74,000,
highlighting how buying during peak fear can yield significant returns.
He added
that the swift recovery amid renewed investor risk appetite suggests the
$109,000 level and beyond could soon be within reach.
Bitcoin and
other digital assets had dropped sharply between February and April, amid
concerns that Trump’s support for pro-crypto reforms was advancing more slowly
than anticipated.
