Bitcoin Reclaims $100,000 After Trump Announces US-UK Trade Deal

Bitcoin climbed above $100,000 on 8 May for the first time since 7 February, extending a month-long rally that has lifted the largest cryptocurrency about 38%. The milestone came after the token briefly traded below $97,000 overnight, underscoring renewed investor demand for digital assets.

Market participants pointed to fresh signs of easing trade tensions for the gains. President Donald Trump announced a US-UK trade accord and signaled progress in tariff negotiations with China, while Treasury Secretary Scott Bessent prepared for talks in Beijing. The upbeat mood spilled into other risk assets: ether, dogecoin and solana each advanced more than 9%, and US equities touched a six-week high.

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