Business Desk 
May 09, 2025
Regaining its list ground amid optimism brought by a new trade agreement between the US and the UK, Bitcoin surged past $100,000 on Thursday.
The world's leading cryptocurrency recaptured the $100,000 mark for the first time since February this year, when it registered a dramatic downward pace following the inauguration of the US President Donald Trump.
Bitcoin's incredible rise also serves as an indication of easing concerns around Trump’s stance on global trade, Reuters reported.
Although still below its all-time high of $109,000, which it reached in January, Bitcoin was trading at $101,329.97, up 4.7% for the day, by midday on Thursday, suggesting refreshed investor confidence.
Ether, the second-largest cryptocurrency, also gained more than 14% to rise to $2,050.46, its highest milestone since late March.
Antoni Trenchev, co-founder of crypto platform Nexo, said, “The retaking of $100,000 must go down as one of bitcoin’s more formidable feats… buying from long-term holders is more than offsetting selling by short-term ones.”
Bitcoin’s ascent comes on the heels of a sharp drop between February and April, when market uncertainty multiplied because of delays in Trump's promised pro-crypto reforms and fears of his tariff policies.
