Bitcoin Tops $100,000 Amid An Easing Of Global Trade Tensions

Bitcoin crossed the $100,000 threshold for the first time since February, fueled by expectations of easing trade tensions after US President Donald Trump announced a trade agreement with the UK.

The largest digital asset climbed as much as 3.4% on Thursday, as most other major tokens climbed higher. Bitcoin rose to a record of around $109,000 on Jan. 20, the day Trump was inaugurated for a second time.

Trump said full details of the pact would still be negotiated over the coming weeks. But under the agreement, the UK would fast-track American goods through their customs process and reduce barriers on agricultural, chemical, energy and industrial exports.

The announcement is the first Trump made since imposing high tariffs on dozens of US trading partners