Bitcoin Surpasses $100,000 Mark for the First Time Since February!

Bitcoin rallied strongly on Thursday, surging nearly 6% on the day to break through the key $100,000 level, reaching its highest point since February.

The upward momentum began on Wednesday evening following indications from U.S. President Donald Trump hinting at an imminent trade agreement between the U.S. and the UK, capturing market attention. On Thursday morning, as Trump unveiled the preliminary framework of the agreement, Bitcoin continued its ascent, successfully breaching the $100,000 threshold. Concurrently, U.S. stocks also saw broad gains.

Antoni Trenchev, co-founder of crypto lending platform Nexo, commented:

“Bitcoin has not only revisited the $100,000 mark for the first time in three months but has also reaffirmed its status as the ‘ultimate comeback kid,’ reflecting the boost in market sentiment from improving U.S. trade prospects.”

Analysts suggest that recent market uncertainties have paradoxically fueled Bitcoin’s rise, as investors begin to question the safe-haven status of the U.S. dollar, potentially further supporting Bitcoin’s trajectory. Despite some softening in the Trump administration’s rhetoric on tariffs, the market is still awaiting clear direction on its trade policies.

Trenchev stated:

“Bitcoin is currently supported by the Trump administration’s favorable stance on cryptocurrencies, coupled with sustained buying pressure from spot ETF investors… Bitcoin’s performance relative to the U.S. stock market in 2025 also underscores its resilience and safe-haven appeal.”

“Bitcoin’s resilience will continue to be tested amid a volatile global macro and geopolitical landscape. Escalating tensions between India and Pakistan carry the risk of escalating into a full-blown conflict, while the Federal Reserve navigates between employment and inflation, showing no immediate intention to cut interest rates.”

On Thursday, shares of cryptocurrency exchange Coinbase rose by over 5%, and investment strategy firm MicroStrategy also saw its stock price increase. Other cryptocurrencies also rebounded, although their overall performance this year has lagged behind Bitcoin. Ether rose by approximately 18%, Solana-related tokens by 10%, and Dogecoin by 12%.

Since early April, when Trump announced a new round of tariffs, Bitcoin has gained over 17%. During the same period, spot gold has risen by more than 5%, while the S&P 500 has seen a slight decline.

However, Trenchev noted that Bitcoin would only truly be out of the correction zone once it surpasses its January high of around $109,350. He anticipates that Bitcoin may continue to fluctuate within the $70,000 to $109,000 range over the next two months.

Nevertheless, he emphasized: “Reclaiming the $100,000 level is a highly significant achievement for Bitcoin and serves as a reminder that buying during moments of extreme market fear, such as last month when Bitcoin hovered around $74,000, often yields remarkable returns.