Bitcoin recovers $ 100,000 as Trump announces a trade agreement with the UK

Bitcoin exceeded $ 100,000 for the first time since February, when President Donald Trump announced a trade agreement With the United Kingdom and he plans to meet with Chinese President Xi Jinping in Geneva later this week.

The original cryptocurrency increased by 5% in the last 24 hours, and rose to a maximum of $ 101,500 on Thursday, after the announcement of the agreement when investors rushed to Risky assets After weeks of economic uncertainty. The news of the agreement also raised the rest of the Cripto Market. In the last 24 hours, Ethereum increased by 13%, Solana increased by 10%and the XRP increased by 6%.

“The price jump is based on a trade agreement between the United States and the United Kingdom, as well as the news that American and Chinese officials are preparing for renewed commercial conversations in Switzerland,” says Nicholas Roberts-Hunley, co-founder and CEO Blockchain Infrastructure Finance, according to Finance Blueprint, according to Finance, according to Finance. Fortune.

Although the details of the United Kingdom Agreement have not been completed yet, Trump said he would return to the imposed rates for British cars, aluminum and steel, but will leave an initial rate of 10%. In return, the United Kingdom will increase market access to billions of dollars of North -American exports, such as ethanol, beef and refreshing drinks.

The agreement with the United Kingdom is the first agreement of this type, as Trump began negotiations with North -American commercial partners threatening to impose strong tariffs on various imports. On April 2, Trump announced a plan to impose a base and additional tax “reciprocal rates“It has been from almost every trade in the United States. The plan, which is expected to increase inflation and interrupt the world supply chains, caused a historic Melket Meltdown In which the S&P 500 lost 12% and Bitcoin lost 11% in leadership until April 9, when the plan came into force.

Financial markets bounced briefly when Trump announced a 90 -day break On reciprocal rates, with the exception of China. In recent weeks, the securities market has remained volatile, as Trump has participated in commercial negotiations with various foreign nations. However, Bitcoin, which is often seen as a risky asset, has continued to climb. Since falling at a minimum of $ 75,000 on April 8, Bitcoin has won 35%.

The United States trade agreement with the United Kingdom has ended, but America’s commercial conversations with other nations are in progress. Trump and his team have been in negotiations with Canada, Japan, Italy, India and other commercial partners since April 2. Trump and China XI are scheduled To gather the weekend to start talks to end the growing trade war between the two countries.
“With these offers, there is hope of more concessions of these concessions, and with more offers and concessions will have more security and better conditions in the market,” said Charles Wayn, co -founder of the Crypto Galxe data company, Fortune.

This story originally presented to Fortune.com

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