Following months of trading below that margin, Bitcoin has just regained its $100,000 level. Only a couple of minutes ago, the world’s largest currency surpassed this zone, boosted by optimism from the White House’s announcement of a trade deal with the U.K.
President Trump confirmed the U.S.-U.K. trade deal and described it as a “full and comprehensive” agreement that would strengthen relations between the two nations. The American President was also very optimistic at today’s press conference, recommending everyone to buy back stocks—signaling a potential resurgence in American financial markets.
As for bitcoin, the asset is currently trading at $100,900 on CoinMarketCap, with a daily peak of $101,503. The currency regained its psychological milestone of $100k only a few minutes after Ethereum had reached its own $2,000 per coin.
The swift breakout above $100,000 has reignited bullish sentiment across the cryptocurrency market, with investors now speculating that this could mark the beginning of a new upward cycle. Historically, Bitcoin reclaiming key psychological levels has led to increased investor confidence, attracting both institutional and retail capital.
We’ll have to wait and see if today mark’s the start of another long-term bull run or not. Eveno more interesting, however, is the fact that Bitcoin dominance hit near 65%, its highest since November of 2021. In all likelihood the market will start to transfer part of this newfound momentum to altcoins, potentially creating a broader rally across the crypto market.
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