Summary: Bitcoin broke the $100,000 barrier, while the cryptocurrency market cap reached $3 trillion, driven by a significant trade deal announcement.

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Well, that didn’t take long. For the first time in months, Bitcoin has hit $100,000, and the overall crypto market just crossed the $3 trillion mark again, thanks in part to a major geopolitical event. A new trade deal between the United States and the United Kingdom provided a boost to traders in both traditional and digital markets.

Top Cryptos Altcoins rallied following Bitcoin’s ascent to $100K today – Source: Coingecko

This milestone has prompted many to consider if it marks the beginning of a substantial upward movement or just a temporary spike.

Bitcoin Surpasses $100K Again

The central piece of this rally was Bitcoin, which surged over 5% to reach $101,329. This is the first time it’s breached the $100,000 figure since February, helped along by substantial gains in Ethereum and other major cryptocurrencies.

The Trade Agreement that Ignited Movement

The catalyst for this market reaction was a joint announcement from President Donald Trump and Prime Minister Keir Starmer detailing a new trade agreement intended to reduce tariffs and enhance market access between their two nations.

🚨 #BREAKING: President Trump announces a significant trade deal with the United Kingdom. This has proven to be extremely beneficial for us!

✅$6 billion in new tariff revenue ✅US tariffs on imports from the UK raised to 10% ✅UK tariffs on imports from the US reduced to 1.8%

— Nick Sortor (@nicksortor)

The United States will decrease tariffs on British products, while the UK will abolish its digital services tax and lessen tariffs for American imports. The implications of this deal also positively affected the cryptocurrency market.

Wall Street Reacts Favorably

The news not only affected the crypto sector, but traditional stock markets also showed gains, with the Dow climbing over 250 points. Investors are interpreting this agreement as a way to ease escalating trade tensions.

As optimism grows around the deal, institutions are closely monitoring the situation, marking a vital moment in the crypto landscape.

What Lies Ahead?

Breaking the $3 trillion milestone serves as more than just a notable figure; it signals that the crypto market is closely aligned with global sentiment. As both Bitcoin and Ethereum rise in prominence, digital assets return to the forefront of investment discussions.

For now, the atmosphere is positive, but as with all things crypto, situations can change quickly.