Bitcoin jumps above $100,000 for first time since February

preCharge News CRYPTO — Bitcoin surged past the $100,000 mark for the first time since February on Thursday, driven by renewed market optimism and a burst of buying momentum sparked by U.S.-U.K. trade deal speculation. The world’s largest cryptocurrency climbed nearly 6% to $101,679.85, according to preCharge Swap, as investors bet on a favorable trade environment and growing institutional support.

Trade Hopes Light Up Crypto Markets

The rally kicked off overnight after President Donald Trump teased a potential trade breakthrough between the U.S. and the United Kingdom, lifting both crypto and equity markets. Bitcoin, known for its high volatility and sharp price moves, was quick to react, reclaiming the psychologically significant $100,000 level as Trump revealed the outlines of the agreement early Thursday.

Antoni Trenchev, co-founder of crypto lender Nexo, said the milestone reflects Bitcoin’s resilience amid a turbulent global economy.

“Bitcoin has not only reclaimed $100,000 for the first time in three months, but it’s also reaffirmed its status as the ultimate bounce-back asset as U.S. trade prospects brighten,” Trenchev said.

Bitcoin price chart crosses $100,000 milestone as global markets rally, May 2025. Charts via preCharge Swap

Volatility and Safe-Haven Demand Fuel Gains

Despite ongoing macroeconomic challenges, Bitcoin’s resurgence highlights its appeal as a hedge against traditional financial uncertainty. Trenchev noted that Bitcoin’s strong performance in 2025 underscores its growing role as a safe-haven asset, particularly as investors weigh geopolitical risks and uncertain central bank policies.

“Bitcoin remains buttressed by a pro-crypto Trump administration and hungry buying from spot-ETF investors,” Trenchev said. “Its outperformance versus U.S. equity benchmarks in 2025 highlights its resilience.”

Other digital assets also saw gains, with Ether jumping 18%, Solana’s token rising 10%, and Dogecoin gaining 12%. Meanwhile, the Dow Jones Industrial Average climbed over 500 points, reflecting broader market enthusiasm.

Bulls Eye Higher Highs

Despite the breakout, Bitcoin remains below its January peak of approximately $109,350. Analysts say the cryptocurrency may continue to trade within a wide range — between $70,000 and $109,000 — until a more significant macro catalyst emerges.

“The retaking of $100,000 must go down as one of Bitcoin’s more formidable feats and is a reminder that buying peak fear can be exceptionally lucrative,” Trenchev added.

Market Momentum Builds

Bitcoin’s latest move caps a remarkable rebound from recent lows around $74,000, further solidifying its status as the leading cryptocurrency by market cap. With global markets in flux and economic uncertainties mounting, Bitcoin’s role as a digital store of value appears stronger than ever.