Bitcoin Rockets Past $101K, Ethereum Tops $2K On Trump’s US-UK Trade Deal

Bitcoin (BTC) surged past $101,000 during U.S. market hours on Thursday, rising 4.5% over the past 24 hours. It marked the first time the cryptocurrency has crossed the $100,000 threshold since February.

Broader crypto markets also rallied. Among the top 20 cryptocurrencies by market capitalization, Sui (SUI) led gains, rising 20% in 24 hours, according to CoinGecko. 

Lido Staked Ether (STETH) and Ethereum’s native token, Ether (ETH), climbed more than 13% each, with Ethereum’s price crossing $2,000 for the first time since March.

The rally followed comments from President Donald Trump, who announced a new trade agreement between the U.S. and the U.K. The deal, unveiled at the White House, removes the 25% tariff on British steel and aluminum exports to the U.S. while keeping a 10% levy on most other U.K. imports. 

Trump also disclosed that a British airline would purchase $10 billion worth of aircraft from Boeing, though he did not name the carrier.

Bitcoin’s price began climbing overnight after Trump first teased the announcement. 

According to data from Barchart, the next major resistance is at $101,100, while $95,000 remains a key support level, with the next significant floor at $94,950.

Crypto-related stocks moved higher alongside tokens. Hut 8 (HUT) and TeraWulf (WULF) posted double-digit percentage gains. 

Strategy (MSTR), widely considered a Bitcoin proxy, rose 6.7%, lagging behind peers like Riot Platforms (RIOT) and Core Scientific (CORZ), which gained nearly 9%.

Thursday’s rally brings Bitcoin’s gains to nearly 30% for the past 30 days. Despite the surge, the apex cryptocurrency continues to trade 7.3% below its all-time high of nearly $109,000, seen in January. 

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Read also: Bitcoin Nears $100K For The First Time Since February After Trump Reveals Trade Deal With UK