The Bitcoin price is climbing fast, once again nearing the $100,000 milestone. For the first time in several months, the top cryptocurrency has surged past $99,800. That’s a nearly 3% jump in just 24 hours, bringing it within reach of a key psychological level that investors have been eyeing.

But what’s behind this latest surge? Much of the momentum comes from growing hopes around upcoming trade deals announced by President Trump. As these trade talks progress, Bitcoin and other digital assets are gaining traction among investors looking for safe bets in a shifting global economy.

Why $100,000 Matters for Bitcoin

While the $100,000 figure doesn’t change how Bitcoin works, it’s still a big deal. Numbers like this carry emotional weight. They signal strength and restore confidence. Investors tend to pay close attention to round numbers, and hitting this mark again could renew interest in the crypto market after a bumpy ride in recent months.

Earlier this year, Bitcoin soared to an all-time high of over $109,000. That peak happened just before President Trump began his second term. Back then, the appointment of Paul Atkins—known for his pro-crypto stance—as the new SEC chair boosted confidence. The market saw it as a sign of a more relaxed and supportive regulatory approach to cryptocurrencies.

But things quickly changed. In April, Trump introduced what he called “Liberation Day” tariffs, sparking fear and uncertainty in global markets. Bitcoin, along with stocks, took a hit. Prices dropped, falling to under $75,000 just weeks ago. Today’s climb marks a powerful comeback—Bitcoin is up more than 30% in a month, and over 4% in the last five days.

What’s Fueling the Surge?

So, why the sharp turnaround? The main reason appears to be renewed optimism about trade deals. Yesterday, President Trump hinted on Truth Social about a “major trade deal” coming soon. He followed up this morning, saying the U.S. had reached a “full and comprehensive” agreement with the United Kingdom.

Although he didn’t say it was a trade agreement outright, the language used strongly suggests it. Trump also mentioned that more deals are in advanced stages. This kind of news can ease investor concerns. When people believe the economy might stabilize, they are more likely to invest in higher-risk assets like cryptocurrencies.

A press conference is set for 10 a.m. ET today where Trump is expected to share more details. This anticipation is already helping drive market gains. The idea that global partnerships are being rebuilt has made many investors hopeful again.

Ripple Effects in the Crypto Market

Bitcoin isn’t the only cryptocurrency getting a boost. Many other coins are rising too:

• Ethereum is up 6.2%

• XRP has gained 3.1%

• Solana jumped 4.2%

Even meme coins are back in the green:

• Dogecoin rose 5.8%

• Shiba Inu increased by 4.7%

This broad rise across the crypto market shows that investors are feeling more confident. They’re not just buying Bitcoin—they’re spreading their bets across other digital assets too.

Why This Matters

This rally is good news for crypto holders who watched their portfolios shrink earlier this year. But it’s also a sign that digital currencies are once again playing a key role in how people respond to global economic shifts.

When traditional markets become uncertain, some turn to crypto. It’s fast, global, and outside the control of any single government. That makes it both risky and appealing, depending on who you ask.

Still, the crypto world is known for its fast swings. While the Bitcoin price is close to six figures now, it could just as easily dip. That’s why many experts say you should only invest what you can afford to lose.

Looking Ahead

As more news about the U.S.-U.K. deal rolls out and other trade talks take shape, crypto could continue to move. Whether Bitcoin breaks past $100,000 this week depends on how investors react to the official announcements.

At the same time, watch for any signals from regulators. While Paul Atkins is seen as crypto-friendly, unexpected policy changes or global events could quickly shift the mood.

For now, though, the crypto world is watching with cautious optimism. The Bitcoin price may not stay on this path forever, but today, it’s on the rise—and that’s giving investors something to cheer about.

Additional Insight

This moment could remind some of the 2021 bull run, when Bitcoin crossed $60,000 for the first time. Back then, government stimulus and rising tech investments helped fuel the climb. Today, it’s geopolitics and trade deals. Different drivers, same excitement.

Investors and analysts alike will be watching closely. If this surge is more than a flash in the pan, we could be witnessing the start of a new crypto wave.