Bitcoin Rebounded Strongly on Thursday, Breaking Through the Key $100,000 Mark

The rise began on Wednesday evening when U.S. President Trump hinted at an impending trade agreement between the U.S. and the U.K., attracting market attention.

Bitcoin price rose sharply on Thursday, increasing nearly 6% to break through the key $100,000 mark and hit a new high since February.

The rise began on Wednesday evening when U.S. President Trump hinted at an impending trade agreement between the U.S. and the U.K., which attracted market attention. On Thursday morning, as Trump announced the preliminary framework of the agreement, Bitcoin continued to rise and broke through the $100,000 mark. At the same time, U.S. stocks also rose across the board.

Antoni Trenchev, co-founder of the cryptocurrency trading platform Nexo, stated:

“Bitcoin not only returned to the $100,000 mark for the first time in three months but also reaffirmed its status as the ‘ultimate rebound asset,' reflecting the boost to market sentiment from the improved outlook for U.S. trade.”

Recent market uncertainties have instead fueled Bitcoin’s rise as investors begin to question the dollar’s safe-haven status, which may continue to support Bitcoin’s trend. Although the Trump administration’s tough rhetoric on tariffs has eased somewhat, the market is still waiting for a clear direction on its trade policy.

Trenchev added,

“Bitcoin is currently supported by the Trump administration's friendly attitude towards cryptocurrencies, while spot ETF investors continue to buy… The performance of Bitcoin relative to the U.S. stock market in 2025 also highlights its resilience and safe-haven attributes.”

“Against the backdrop of global macro and geopolitical instability, Bitcoin's ability to withstand pressure will continue to be tested. The escalating tensions between India and Pakistan pose a risk of evolving into a full-blown conflict; meanwhile, the Federal Reserve is still wavering between employment and inflation, with no intention of cutting interest rates for now.”

On Thursday, shares of the cryptocurrency trading platform Coinbase rose over 5%, and shares of investment strategy company Strategy also increased. Other cryptocurrencies also rebounded, although their overall performance this year has lagged behind Bitcoin. Ethereum rose about 18%, Solana-related tokens advanced by 10%, and Dogecoin gained 12%.

Since Trump announced a new round of tariffs in early April this year, Bitcoin has risen over 17%. During the same period, spot gold has increased by more than 5%, while the S&P 500 index has slightly declined.

However, Trenchev noted that Bitcoin can only be considered to have truly exited the adjustment zone once it breaks through the January high of around $109,350. He expects Bitcoin to trade in a range of $70,000 to $109,000 over the next two months.

Nevertheless, he emphasized: “Reaching the $100,000 mark again is a significant achievement for Bitcoin and reminds us that buying during extreme market panic, such as when Bitcoin was hovering around $74,000 last month, often leads to astonishing returns.”