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Bitcoin Surges Past $100,000 Following US-UK Trade Deal and Institutional Inflows

The cryptocurrency market rallies as Bitcoin hits its highest level since February, driven by trade optimism, steady Fed policy, and ETF investments.

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
Men stand in front of an electronic stock quotation board inside a builidng in Tokyo, Japan April 8, 2025. REUTERS/Issei Kato/File Photo
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Overview

  • Bitcoin crossed the $100,000 mark for the first time since February, reaching highs of over $104,000 in volatile trading sessions.
  • President Donald Trump announced a US-UK trade agreement, easing tariff concerns and boosting investor confidence across risk assets.
  • Institutional investors contributed $142 million in spot Bitcoin ETF inflows on Wednesday, signaling growing adoption by major financial players.
  • Ethereum and other altcoins saw double-digit gains, with Ethereum surpassing $2,200, marking its strongest performance in over two months.
  • Analysts forecast further upside for Bitcoin, with projections of $120,000 by the end of Q2, as market sentiment remains bullish.