Bitcoin surpassed $100,000 for the first time since February on Thursday as President Donald Trump announced a trade agreement with the United Kingdom and plans to meet with Chinese president Xi Jinping in Geneva later this week.
The original cryptocurrency soared 5% in the last 24 hours, climbing to a high of $101,500 on Thursday, following the deal announcement as investors rushed back to risky assets after weeks of economic uncertainty. News of the deal lifted the rest of the crypto market as well. In the last 24 hours, Ethereum was up 13%, Solana was up 10%, and XRP was up 6%.
