BTC Surges Above $100K, Cryptocurrency Trading market Rises to $3 Trillion
Well, that was quick. For the first time in months, BTC reaches $100K, while the global market has surged past the $3 trillion threshold again, thanks partly to significant developments on the geopolitical front. A recently announced trade agreement between the United States and the United Kingdom has provided traders in both traditional and digital markets a reason to celebrate.
It’s a figure we haven’t observed in years, and the timing has many wondering if this signifies the beginning of a more substantial breakout or merely a fleeting surge.
BTC Surpasses $100K Once More
Central to the rally was BTC itself. It surged over 5 percent, crossing into six figures at $101,329. This is the first instance it has exceeded $100,000 since February, and it didn’t achieve this milestone in isolation. Ethereum also spiked more than 14 percent above $2,050. Other leading cryptocurrencies like Solana, XRP, and Cardano experienced notable increases as well, all playing a role in reaching the $3 trillion trading market cap milestone.
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Traders are not merely chasing upward trends here. The movement was sparked by some uncommon good announcement from the international political arena.
The Trade Agreement That Ignited the Momentum
What really initiated the momentum was a joint press conference featuring President Donald Trump and U.K. Prime Minister Keir Starmer. The two leaders disclosed a preliminary trade deal intended to reduce tariffs and enhance trading market accessibility between their nations.
#BREAKING: President Trump announces a SIGNIFICANT trade agreement with the United Kingdom
This ended up being an INCREDIBLE deal for us!
— Nick Sortor (@nicksortor) May 8, 2025
The U.S. will be decreasing tariffs on British automobiles and metals. In return, the U.K. is eliminating its digital services tax and loosening tariffs on American goods. This agreement has major ramifications for trade, and seemingly for crypto as well.
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Wall Street’s Response? Also Positive
The news didn’t just elevate crypto prices. Traditional markets also experienced a lift. The Dow increased by over 250 points, with the Nasdaq and S&P 500 following suit with gains. It appears that investors view this agreement as a move towards reducing trade tensions, which have been unsettling investors recently.
When traditional markets show relief, crypto often benefits too. That’s the trend we are witnessing now.
BTC exceeds $100K: Institutions Are Taking Note
In the background, large institutions are certainly attentive. An increasing number of firms have been investing in digital assets, particularly since spot BTC ETFs received approval earlier this year. This indicates that when trust returns, it could also bring significant capital.
And with the trading market cap now back in the $3 trillion territory, there is rising optimism that we might be ready for the next phase of a prolonged price surge, assuming regulatory challenges don’t impede progress.
What’s on the Horizon?
Reaching $3 trillion isn’t merely a headline figure. It’s a reminder that crypto remains intricately tied to global sentiment, especially when significant political agreements suggest calmer economic conditions ahead. Whether Bitcoin is leading or Ethereum is making strides, digital assets are regaining their prominence.
Currently, the atmosphere is positive. However, this is crypto. As always, conditions can shift rapidly.
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Key Takeaways
- BTC soared past $100,000, aiding in pushing the total market cap above $3 trillion for the first time since early 2025.
- The surge was driven in part by a fresh trade agreement between the U.S. and the U.K., enhancing crypto holder optimism across global markets.
- ETH experienced a rise of over 14%, while Solana, XRP, and Cardano also registered solid gains, contributing to the bullish trend.
- Conventional financial markets similarly reacted positively, with the Dow, Nasdaq, and S&P 500 all trending upwards due to trade optimism.
- Major institutional investors are closely observing the crypto market, and with crypto rebounding to $3 trillion, some anticipate a new bull run may be taking shape.
The post BTC Surges Past $100K, Market Soars to $3 Trillion appeared first on 99Bitcoins.
