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2d ago

Bitcoin Surges Past $100,000 Following U.S.-U.K. Trade Deal Announcement

The cryptocurrency hits six figures for the first time since February, buoyed by renewed investor confidence and broader market rallies.

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
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Overview

  • Bitcoin surpassed the $100,000 mark on May 8, 2025, trading at $100,801.04, according to Coin Metrics.
  • The rally was driven by President Trump's announcement of a 'full and comprehensive' trade agreement with the United Kingdom.
  • Stocks and cryptocurrencies, including Ethereum, Solana, and Dogecoin, saw significant gains alongside Bitcoin's surge.
  • Bitcoin's price recovery highlights its volatility, rebounding over 30% in the past month after falling below $75,000 in April due to tariff-induced market sell-offs.
  • The cryptocurrency's movement has closely mirrored broader economic sentiment, aligning with gains in the S&P 500 and Dow Jones Industrial Average.