Analysis: Easing global trade tensions pushes Bitcoin past $100,000

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ChainCatcher news, according to Jintai report, after Trump announced a trade agreement with the UK, people expected trade tensions to ease, which pushed Bitcoin to break through the $100,000 mark for the first time since February this year.

On Thursday, the largest digital asset rose by 3.4%, and most other major tokens also increased, with Ethereum rising by as much as 12%. On January 20, the day Trump took office, Bitcoin's price rose to a record level of around $109,000.

Trump stated that the full details of the agreement will still be negotiated in the coming weeks. However, according to the agreement, the UK will speed up customs procedures for US goods and reduce barriers to agricultural, chemical, energy, and industrial exports. This is the first agreement since Trump imposed high tariffs on dozens of US trading partners.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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