For the first time since February, Bitcoin surged past $100,000 on Thursday and was trading above $103K at the time of publication 21:30, according to CoinMarketCap live price chart
The new price is significant considering how it rose from April lows of $75,000 due to the volatile economic and tax war declared by the president of the United States Donald Trump.
The last time the world’s largest cryptocurrency touched $100 mark was February 4, 2025 ($101,745.61) and since been dwindling below $100K due to what analysts described as Trump’s toxic economic tax war.
It up by 6.22% in the last 24 hours, 6.48% in the last seven days, and up by 1.56% in the last one hours, with $2,038,138,168,012 market capitalisation.
Why the fresh BTC rally?
The renewed trade negotiations between the Trump-led US government and China plays a significant factor. Some analysts have also attributed the BTC’s rally to increased flows and predicted that that Bitcoin could rise to all-time high if the levels hold.
The price of Bitcoin was around $102,627.53 at the time of publication