Bitcoin (BTC) posted a significant rally on Thursday, taking it past the psychological $100,000 level. The flagship cryptocurrency surged after President Donald Trump announced the US and UK had signed a comprehensive trade deal, greatly improving investor sentiment. BTC is up nearly 4% over the past 24 hours and is trading around $102,901 as buyers look to build momentum and push towards $105,000. Bitcoin Bulls Set Sights On $105,000 Bitcoin (BTC) has stabilized around $103,000 after surging past $100,000 on Thursday, shattering key resistance levels and racing to an intraday high of $103,963. BTC surged past $100,000 after spending weeks in a narrow range extending from $90,000 to $96,000. Bitcoin and the crypto market’s rally can be attributed to two major developments: the US-UK trade deal and trade talks with China. President Trump announced a major trade deal with the UK, signaling a potential de-escalation of global trade tensions, greatly improving market sentiment and investor risk appetite. Additionally, Treasury Secretary Scott Bessent’s visit to Switzerland to meet officials from the Chinese Ministry of Commerce has also buoyed investor sentiment. BTC’s latest rally also led to significant losses for bearish traders who bet against Bitcoin , with over $118 million in short positions liquidated over the past 24 hours, according to data from Coinglass. Trade Uncertainty Cools Bitcoin’s surge came as trade uncertainty cooled after the US-UK trade deal, easing tariff tensions that have weighed on crypto since President Trump’s inauguration. Risk assets like Bitcoin were big winners, with the flagship cryptocurrency rising nearly 8% over the week. The trade deal leaves in place a 10% tariff on goods imported from the UK, while the UK agreed to lower tariffs from 5.1% to 1.8% while providing greater access to US goods. According to reports, the Trump administration has been under increasing pressure from investors to conclude negotiations and sign trade deals. “Trump's administration has been under pressure from investors to strike deals and de-escalate its tariff war after the US president's often chaotic policymaking upended global trade with friends and foe alike, threatening to stoke inflation and tip the global and US economies into recession.” US Commerce Secretary Howard Lutnick believes that after the US-UK trade deal, more big economies will sign deals with the US soon. “Over the next month or so we’re going to roll out dozens of deals.” Meanwhile, the US and China are expected to begin trade talks on Saturday and Sunday as they attempt to de-escalate the trade war between the world’s biggest economies. The talks are scheduled to take place in Switzerland with Chinese Vice Premier He Lifeng. US Treasury Secretary Scott Bessent and Jamieson Greer will lead discussions. Spot Bitcoin ETF Inflows Continue Spot Bitcoin ETFs recorded a fourth straight week of weekly inflows as institutional demand for the asset strengthened. According to data from SoSoValue, spot Bitcoin ETFs registered nearly $600 million in total inflows as of Thursday, continuing its four-week inflow streak since mid-April. Corporates also continued accumulating Bitcoin , with Strategy announcing the purchase of 1,895 BTC for $180.30 million. The latest acquisition takes the company’s holdings to 555,450 BTC . The acquisition comes after the company published its Q1 earnings and revealed a new $21 billion at-the-market offering to fund further Bitcoin acquisitions. Semler Scientific also added to its holdings by completing the acquisition of 167 BTC , taking the company’s holdings to 3,634 BTC . Growing demand among institutional investors and corporates is a positive sign for Bitcoin, highlighting its growing acceptance and importance as a strategic asset. Bitcoin (BTC) Price Analysis Bitcoin (BTC) surged past $100,000 after a stunning rally on Thursday and raced to an intraday high of $103,963 as bullish sentiment returned after the US-UK trade deal. The flagship cryptocurrency returned to $100,000 for the first time since February, with Bitcoin bulls eyeing a move past $105,000 and a potential retest of $109,000. Antony Trenchev, co-founder of the crypto exchange Nexo, stated, “Bitcoin has not only reclaimed $100,000 for the first time in three months, but it’s also reaffirmed its status as the ultimate bouncebackability asset as the prospects for U.S. trade deals brighten.” The recent market uncertainty has been viewed as a positive sign for BTC among some investors. President Trump’s aggressive rhetoric has rattled investors, leaving them looking for clarity about US trade policy. Meanwhile, BTC registered growing investor interest, helping it maintain its position above $90,000 despite market uncertainty. “Bitcoin remains buttressed by a pro-crypto Trump administration along with hungry buying from spot-ETF investors … while its outperformance versus US equity benchmarks in 2025 highlights its resilience and safe haven status. Expect Bitcoin’s resilience to be tested further in an uncertain and volatile global macro and geopolitical environment. Look no further than rising tensions between India and Pakistan, which risk escalating into a full-blown conflict. Meanwhile, we have a Federal Reserve in no rush to cut rates and equally concerned about unemployment and inflation.” BTC registered volatility and a marginal decline on Wednesday (April 30). However, it rebounded on Thursday, rising 2.45% to cross $96,000 and settle at $96,458. Buyers retained control on Friday as the price registered a marginal increase and settled at $96,939. Despite the positive sentiment, selling pressure returned over the weekend. As a result, BTC dropped 0.98% on Saturday and 1.66% on Sunday, slipping below $95,000 and settling at $94,390. Source: TradingView BTC started the current week positively, registering a marginal increase and settling at $94,773. Bullish sentiment intensified on Tuesday as the price rose 2.19% to cross $96,000 and settle at $96,845. BTC encountered volatility on Wednesday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as the price registered a marginal increase to claim $97,000 and settle at $97,013. BTC and the crypto markets rallied Thursday after President Trump announced a comprehensive trade deal with the UK. The flagship cryptocurrency surged over 6%, shattering the $100,000 mark, and settled at $103,096, but not before reaching an intraday high of $103,963. The current session sees BTC marginally down as sellers look to lower the price and buyers look to force a move past $105,000. However, BTC faces selling pressure and profit-taking, leading to waning momentum. If buyers can regain momentum, a push toward $109,000 could occur. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
