Bitcoin crossed the $100,000 mark for the first time since February. This happened after the UK and the US announced a trade agreement that fueled investor appetite for riskier assets, AFP reported.

"Now that the US seems more reasonable and is signing agreements with other countries, cryptocurrencies are on the rise again," commented Stefan Ifra, an analyst at the crypto platform Coinhouse.

Bitcoin crossed the symbolic $100,000 mark for the first time in December, reaching $109,241.11 on January 20, just hours before US President Donald Trump took office.
The Republican leader promised to support cryptocurrencies during his campaign for a second term in the White House.

But the wave of US tariffs imposed on countries around the world has cooled financial markets, causing a wave of uncertainty.

Although not directly affected by Trump's tariffs, cryptocurrencies are known for their volatility, and investors quickly turned to safer havens such as gold.

The sector also suffered several blows as a result of scandals such as the collapse of the LIBRA cryptocurrency, which was once backed by Argentine President Javier Milei.

The price collapsed after several early investors decided to sell at a huge profit, resulting in colossal losses for most of those who bought LIBRA.

This also affected the prices of other cryptocurrencies, including Bitcoin.
Argentine prosecutors are investigating whether Milei committed fraud or participated in a criminal organization, or violated his official duties when he praised the cryptocurrency LIBRA on social media in February.

Also in February, Dubai-based cryptocurrency exchange Bybit reported that hackers had stolen $1.5 billion worth of digital assets, the largest cryptocurrency theft in the industry's history.

In early April, Bitcoin fell to $75,000.

"Bitcoin is strongly in sync with the stock market," said Charlie Morris, an analyst at ByteTree.
"The trade agreement with the UK is a good reason to be optimistic because many other trade agreements are likely to follow," the expert added.

At the end of April, the UK government published a draft bill aimed at regulating cryptocurrencies such as Bitcoin and Ethereum, following the European Union's introduction of its own framework. | BGNES