Bitcoin climbed $ 100,000 on Friday, reaching a maximum of three months of $ 103,885.4, while the feeling of investors improved after the announcement of the US president Donald Trump with the United Kingdom and indices for the relaxation of prices on China. The main cryptocurrency climbed 5.1% to $ 102,721.8 at the end of the evening, marking its third consecutive week of earnings and extending its gathering from the end of April.
The wider market of cryptography has rallied in tandem with global risk assets. Trump’s comments on the reduction of half of China’s prices – from 145% to 50%, including the next American -Chinese commercial talks in Switzerland have considerably strengthened the confidence of investors. In addition, the Secretary of Commerce, Howard Lutnick, noted that the United States will soon deploy dozens of commercial transactions, strengthening the bullish feeling in the financial markets.
Although Bitcoin is not directly affected by commercial policies, improving risk appetite tends to benefit speculative assets such as cryptocurrencies.
Meanwhile, Coinbase (Nasdaq: Coin) reported lower profits than the first quarter, the profits being below forecast due to increased expenses. Its stock dropped by almost 3% in trade after opening hours. However, an increase of 17.3% of transactions revenues highlighted force in its retail business. Coinbase has also announced an acquisition of $ 2.9 billion to derive the exchanges of cryptographic derivatives, signaling strategic expansion.
Altcoins followed the Bitcoin rally. Ethereum jumped more than 20% to $ 2,211.12 after the successful deployment of Pectra upgrade – its largest network improvement since the merger 2022. XRP, Solana and Cardano gained between 8.7% and 13.5%, while Polygon jumped 14%.
The pieces even saw a jump, with Dogecoin climbing 13% and the $ Trump token winning 15.6%.
With strong momentum and macro softening, the cryptography markets seem to be ready by hand in the short term.
