Cryptocurrencies are stealing the spotlight once again this year. A sharp price surge has been driven by improving market sentiment after President Donald Trump unveiled a trade deal with the United Kingdom and reached a 90-day tariff pause with China. These moves eased some of the uncertainty that’s weighed on digital assets since his inauguration. Risk-on appetite among investors returned in full force, with Bitcoin (BTCUSD) holding strong above the $100,000 mark while Ether (ETHUSD) logged its best week since 2021.
Plus, institutional demand added another layer of support to the rally. Having said that, Bitcoin Treasury company Strategy (MSTR), formerly known as MicroStrategy, has been riding the wave. After grappling with trade-related headwinds earlier this year, the crypto-heavy firm is now reaping the rewards of Bitcoin’s resurgence this month. Investors took note as MSTR shares climbed to a new year-to-date high of $430.35 on May 9, boosted by Bitcoin’s return above six digits.
