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Bitcoin Retakes $100,000 Amid an Easing of Global Trade Tensions

  • On Thursday, Bitcoin surpassed the $100,000 mark for the first occasion since early February, reaching a trading price of $101,329.97 amid improving global trade relations.
  • This rise followed a breakthrough trade deal between the U.S. And U.K., which eased tariffs and marked the first agreement since January's trade war escalation.
  • Additional factors included the U.S. Federal Reserve pausing interest rate hikes and increased institutional inflows into bitcoin exchange-traded funds, boosting market confidence.
  • Antoni Trenchev noted the rebound signals targets above $109,000, while on-chain data showed long-term holders offset short-term selling, reinforcing bullish momentum.
  • The price surge reflects growing fiat currency skepticism in multiple regions and suggests Bitcoin could maintain its global store-of-value role amid improving macro conditions.
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Coingape broke the news in on Wednesday, May 7, 2025.
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