Bitcoin tops $100,000 on trade deal optimism

2025-05-08 16:09:27

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NEW YORK (Reuters) -Bitcoin topped $100,000 on Thursday for the first time since early February, bolstered by a wide-ranging deal between the United States and the United Kingdom in a sign that perhaps U.S. President Donald Trump’s trade war with the rest of the world is easing.

By midday, bitcoin was trading at $101,402.19, a 4.8% gain on the day. The world’s biggest cryptocurrency has clawed its way back into positive territory for the year, although it remains off the all-time high above $107,000 reached in December.

(Reporting by Tommy Reggiori Wilkes and Gertrude Chavez-Dreyfuss; Editing by Mark Porter)

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