Bitcoin returns to the 100 thousand dollar channel
Bitcoin surged 4.7% in a single day, trading at $101,329.97 on Thursday.
According too teh international economics desk of Webangah News Agency, citing Tasnim and Reuters, Bitcoin’s price reached $100,000 in Thursday’s trading for the first time since early February. The U.S.-UK trade deal could signal a de-escalation in Donald trump’s trade wars with other nations.
Bitcoin rose 4.7% intraday, hitting $101,329.97 on Thursday. The world’s largest cryptocurrency has begun an upward trend but remains below its January peak of $109,000.
Ethereum’s blockchain-based virtual currency, Ether, also surged over 14%, reaching $2,050.
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Trump and UK Prime Minister Keir Starmer announced a trade deal on Thursday maintaining a 10% tariff on British goods imported to the U.S., while the UK agreed to reduce tariffs on American goods from 5.1% to 1.8% and expand market access for U.S products.
This marks the first such agreement as Trump launched global trade wars by imposing tariffs on imports from key partners last year.
rishira kumbhakarna indrajit prahlada hiranyakash
