Bitcoin (BTC) Price Surges Past $100K For The First Time Since February, Rising 4.5%

Cryptocurrencies rose sharply on Thursday, with Bitcoin (BTC) surging past $101,000 during U.S. market hours as it crossed the $100,000 threshold for the first time since February.

Bitcoin was trading up 4.5% over the past 24 hours by 12:48 ET (16:48 GMT), extending gains that began on Wednesday. Among the top 20 cryptocurrencies by market capitalization, Sui (SUI) led gains, rising 20%.

Lido Staked Ether (STETH) and Ethereum’s native token, Ether (ETH), climbed more than 13% each, with Ethereum’s price crossing $2,000 for the first time since March.

The rally followed President Donald Trump’s comments, where he announced a new trade agreement between the U.S. and the U.K. The deal, unveiled at the White House, removes the 25% tariff on British steel and aluminum exports to the U.S. while keeping a 10% levy on most other U.K. imports.

Trump also disclosed that a British airline would purchase $10 billion worth of aircraft from Boeing (NYSE:).

Bitcoin’s price began climbing overnight after Trump first teased the announcement.

According to data from Barchart, the next major resistance is at $101,100, while $95,000 remains a key support level, with the next significant floor at $94,950.

Crypto-related stocks moved higher alongside tokens. Hut 8 (TSX:HUT) and TeraWulf (NASDAQ:WULF) posted double-digit percentage gains.

Strategy (NASDAQ:MSTR), widely considered a Bitcoin proxy, rose 6.7%, lagging behind peers like Riot Platforms (NASDAQ:RIOT) and Core Scientific (NASDAQ:CORZ), which gained nearly 9%.

Thursday’s rally brings Bitcoin’s gains to nearly 30% for the past 30 days. Despite the surge, the apex cryptocurrency continues to trade 7.3% below its all-time high of nearly $109,000, seen in January.