The first four months of the year have not been good for a number of global markets. But this week the Cryptocurrency sector had to undergo a massive change. In fact, for the first time since February, Bitcoin Have recalled $ 100K level, but why is BTC so much today?
The leading Cryptocurrency is not alone. Especially, Ethereum– The second largest crypto after marketing – has also broken through the $ 2,000 level in a key movement upwards. The overall response from traders seems to be anchored in a growing haussearted feeling, which is supported by a remarkable geopolitical development.
Only in: $ 101,000 bitcoin pic.twitter.com/cnlyU7gck
– watcher.guru (@watcherguru) May 8, 2025
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Bitcoin takes about $ 100,000 for the first time in almost three months
On Thursday Default chartered Bank Digital Asset Head Geoffrey Kendrick made an interesting observation about his Bitcoin projection. Specifically, he apologizes for his previous target of $ 120,000. He actually noted that the forecast “may be too low.”
Since that statement was made, the leading Cryptocurrency has been on the toes. Specifically, Bitcoin is more than the $ 100K level for the first time since February, but why is BTC up today? There are several reasons, but a key seems to be Recently announced trade agreements between the United States and the United Kingdom.
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The global markets have been down since the United States announced America-First Tariff plans. It was renegotiated with nations because citizens feared the isolation that came with the protectionist method. However, the British trade agreement to cancel these fears and showing new offers to balance the trade to the taste of the administration is possible.
The announcement triggered a run for the entire sector. Ethereum jumped 12%, Soana Increased 9%, and Dogecoin has Skyrocket 11% since the New Deal was announced. Nevertheless, Bitcoin seems to have hardly been damaged by the original customs plan.
Since the announcement on April 3, the supply has increased by 16%. In addition, it has surpassed almost all global markets. If anything, its hope today proves that crypto is among the most promising investments in a down 2025.