The new week has started with Bitcoin's rise, approaching the $100,000 mark amid news of a trade agreement between the US and the UK.
Bitcoin's Rise Amid Trade News
Bitcoin began the week at $94,000, gradually approaching $100,000. The rally started on Wednesday after news of renewed trade talks between the US and China, boosting overall market sentiment.
Altcoins Also Climbing
Altcoins experienced growth as well. Ethereum (ETH) exceeded $1,900, while popular altcoins like Solana (SOL) and Dogecoin (DOGE) saw increases of 5%-10%.
Investor and Analyst Expectations
Many investors and analysts expect Bitcoin to surpass $100,000, linking it to the anticipation of a trade agreement. Neil Jacobs, co-founder of FOMO21, remarked that the current growth is largely driven by speculation surrounding Trump's announcement. Analyst Anthony Pompliano states that this agreement increases the chances of reaching all-time highs in 2025.
Amid increased volatility and trade agreement expectations, Bitcoin and altcoins show significant growth, indicating potential future changes in the cryptocurrency market.
