Analysis: Easing global trade tensions drive Bitcoin to break through $100,000

ChainCatcher news, according to Jinshi reports, after Trump announced a trade agreement with the UK, expectations for easing trade tensions have driven Bitcoin to break the $100,000 mark for the first time since February this year.

On Thursday, the largest digital asset rose by 3.4%, with most other major tokens also increasing, and Ethereum's rise reached 12%. On January 20, the day Trump was inaugurated, Bitcoin's price surged to a record level of around $109,000.

Trump stated that the full details of the agreement will be negotiated in the coming weeks. However, under the agreement, the UK will expedite the customs process for American goods and reduce barriers to exports in agriculture, chemicals, energy, and industry. This is Trump's first agreement since imposing high tariffs on dozens of American trading partners.