Bitcoin Retakes $100,000 Amid an Easing of Global Trade Tensions
- On Thursday, Bitcoin rose above $100,000, reaching $101,329 by midday, marking its highest level since early February amid signs of easing global trade tensions.
- The rise followed a trade agreement announced by U.S. President Trump and UK leader Keir Starmer, signaling easing of trade tensions.
- Institutional inflows, Chinese monetary stimulus, and reduced long-term holder selling supported Bitcoin's surge, alongside a positive Fed rate pause.
- Antoni Trenchev highlighted that the rapid recovery to six figures, driven by renewed investor confidence, indicates that bitcoin could target levels above $109,000, supported by increased purchases from long-term holders.
- The surge suggests growing confidence in Bitcoin as a store of value amid easing geopolitical and monetary pressures, with potential $100,000 breakout imminent.
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