Bitcoin Approaches 100,000 Dollars Amid Market Optimism

The cryptocurrency bitcoin continues upwards in the wave of increased risk appetite that characterizes the market right now.

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Bitcoin Approaches 100,000 Dollars Amid Market Optimism
Photo: Mark Humphrey AP/TT

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The course is rising after major gains during the week and is now close to the highest levels since February. The price is on its way to pass 100,000 dollars per bitcoin – and is at 99,700 dollars per bitcoin in Thursday morning trading.

This can be compared to the bottom appetite in the days following Donald Trump's tariff shock in early April at 75,000 dollars per bitcoin.

Other cryptocurrencies – such as ethereum – are also following.

The rise got new fuel following Wednesday's information about a planned ministerial meeting between the USA and China on trade tariffs and Trump's announcement that he has got a major trade deal in place, likely with the United Kingdom.

Bitcoin hit a historic record at 109,241 dollars per bitcoin in connection with Donald Trump being installed as president in the USA.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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