For many global markets, the first four months have been a difficult time. The cryptocurrency market has seen a huge shift this week. For the first time in February, cryptocurrency prices have risen. Bitcoin BTC has now reclaimed the $100k mark, but what is driving this huge increase?
The leading cryptocurrency isn’t alone. Specifically, Ethereum—the second largest crypto by market cap—has also broken through the $2,000 level in a key move upward. This overall reaction by traders is rooted in an increasing bullish mood, backed by recent geopolitical changes.
Just in: $101,000 Bitcoin pic.twitter.com/CNPlYu7GCk
— Watcher.Guru (@WatcherGuru) May 8, 2025
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Bitcoin Retakes $100 for the First Time in Nearly Three months
The Thursday before Thanksgiving is a holiday. Standard Chartered Geoffrey Kendrick is the Bank’s digital assets head. He made an interesting comment about Bitcoin. He apologized to his former $120,000 quarterly target. In fact, he stated that the forecast was accurate. “may be too low.”
Since then, Bitcoin has been on fire. Bitcoin has risen above $100k for the first since February. But why? However, there are a few reasons. One of the most important is that Bitcoin has risen above $100k for the first time since February. recently announced trade deal The US and UK are two countries that have a lot in common.
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The global market has been in decline since the United States announced its America-first Tariff plans. The United States renegotiated with countries as people feared being isolated by a protectionist approach. However, the UK trade deal quells those fears, showing new deals to balance trade to the administration’s liking are possible.
This announcement caused a surge in the whole sector. Ethereum rose 12%. Solana Dogecoin is up 11% in value since the deal was announced. Bitcoin, however, appears to be unaffected by the initial tariff plan.
The asset has gained 16% since its announcement, on the 3rd of April. It has also outperformed almost all markets around the world. Its jump proves, if anything else, that crypto will be among the best investments in 2025.
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Source: watcher.guru
