Opinion: Easing Global Trade Tensions Propel Bitcoin Past $100,000

After Trump announced a trade agreement with the UK, it is expected that trade tensions will ease, which pushed Bitcoin to break through the $100,000 mark for the first time since February this year. On Thursday, the largest digital asset rose by 3.4%, and most other major tokens also increased, with Ethereum surging by 12%. On January 20, the day of Trump's inauguration, Bitcoin's price rose to a record level of around $109,000. Trump stated that the full details of the agreement will still be negotiated in the coming weeks. However, under the agreement, the UK will expedite the customs process for American goods and reduce barriers to agricultural, chemical, energy, and industrial exports. This is the first agreement since Trump imposed high tariffs on dozens of American trade partners.