Bitcoin has soared past the $100,000 threshold for the first time since early February, injecting fresh momentum into cryptocurrency markets and sending related stocks sharply higher on Thursday.
Trade Optimism Lifts Risk Assets and Crypto Sector
The flagship cryptocurrency was recently trading at $101,000, rebounding from an overnight low of around $96,000.
Investors were buoyed by the announcement of a landmark trade agreement between the United Kingdom and the United States, alongside the prospect of further deals on the horizon.
US President Donald Trump revealed that “many other deals” are at an advanced stage of negotiation and expressed optimism about upcoming trade talks with Chinese officials over the weekend.
The positive sentiment extended beyond crypto markets, with US equities also climbing amid growing hopes of a breakthrough in global trade tensions.
Crypto Stocks Rally on Market Confidence
The bullish mood in the crypto space triggered notable gains across digital asset-related stocks.
Shares in Coinbase (COIN), the leading cryptocurrency exchange, rose by 6% during early-afternoon trading. Strategy (MSTR), formerly MicroStrategy and a major institutional bitcoin investor, climbed 7%.
Bitcoin mining firms also benefited from the rally, with Riot Platforms (RIOT) gaining 7% and Mara Holdings (MARA) jumping by 8%, reflecting renewed investor appetite for crypto-exposed assets.
Trump’s Pro-Crypto Policies Underpin Market Sentiment
Bitcoin’s latest rally marks a 33% rebound from its April low of $76,000, reversing a recent slump that had mirrored broader concerns in financial markets.
Earlier this year, the digital currency reached an all-time high of approximately $109,000 in anticipation of crypto-friendly policies from the Trump administration.
Trump has made deliberate efforts to position himself as a champion of the crypto industry. In March, he signed an executive order to lay the groundwork for a strategic bitcoin reserve and the establishment of a broader US digital asset stockpile—a move that was widely praised by industry stakeholders.
Looking Ahead: Trade Talks and Regulatory Tailwinds
Market analysts suggest that continued progress on international trade, particularly between the US, UK, and China, could sustain bitcoin’s upward trajectory.
With investors regaining confidence in risk assets, cryptocurrencies may be poised for further growth—especially if regulatory developments continue to favour the sector.
