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Bitcoin Breaks $100,000 Barrier Again Amid U.S.-UK Trade Deal Optimism

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Bitcoin surged past the $100,000 mark on Thursday, regaining ground for the first time since February and reflecting renewed investor confidence following a breakthrough trade deal between the United States and the United Kingdom.

By midday, Bitcoin was trading at $101,329.97, up 4.7% on the day, buoyed by improved global risk sentiment. The crypto asset has now entered positive territory for 2025, although it still trails its January all-time high of over $109,000.

The rally follows the announcement of a U.S.-UK trade agreement between President Donald Trump and British Prime Minister Keir Starmer. The deal maintains a 10% U.S. tariff on UK imports but includes Britain lowering its tariffs to 1.8% and expanding access to U.S. goods — signaling a potential thaw in the protectionist climate that has defined global trade since Trump’s return to office.

Market Impact and Commentary:

  • Antoni Trenchev, co-founder of Nexo, described the resurgence as a “formidable feat” and emphasized that long-term holders drove the rebound, overpowering short-term profit-taking.

  • “Buying peak fear — just last month Bitcoin was languishing around $74,000 — has proven exceptionally lucrative,” Trenchev added.

  • Joel Kruger of LMAX Group pointed to rising institutional interest, geopolitical stability, and Chinese monetary stimulus as key tailwinds behind the rally.

Other Cryptos Lag Behind:
Ethereum’s native token Ether climbed 14% to $2,050.46, reaching a one-month high, but it remains nearly 50% below its 2024 peak. Other altcoins have yet to mirror Bitcoin’s bullish momentum.

Bitcoin’s trajectory was weighed down earlier this year by uncertainty around the pace of pro-crypto reform under Trump’s new administration. April’s widespread tariff announcements spurred a flight to safety, leading to a temporary slump in risk assets, including crypto.

Now, with geopolitical risk easing and renewed appetite from long-term investors and institutional funds — particularly through Bitcoin ETFs — market sentiment appears to have decisively shifted back in favor of crypto’s largest token.

With the $100,000 psychological level reclaimed, traders are eyeing $109,000 and beyond as the next major milestone.

Trump’s Crypto Ties Disrupt Bipartisan Push for U.S. Digital Asset Regulation

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Tensions over Donald Trump’s growing cryptocurrency ventures spilled into Capitol Hill this week, jeopardizing hopes for a bipartisan breakthrough on U.S. digital asset legislation in 2024. A scheduled joint hearing between the House Financial Services and Agriculture Committees was effectively canceled after Representative Maxine Waters objected, citing ethical concerns tied to Trump’s crypto dealings.

Trump’s ventures include $Trump, a meme coin launched in January, and World Liberty Financial, a crypto firm partially owned by him. Both have sparked criticism over potential conflicts of interest, especially given Trump’s vocal support for deregulating the crypto industry and his campaign efforts to attract donations from crypto stakeholders.

Waters accused Republicans of turning a blind eye to what she described as “Trump’s abuse of power”, stating, “I cannot in good faith agree to such a hearing to discuss crypto market structure” under those circumstances. Her objection derailed a session that was expected to shape the first-ever comprehensive U.S. regulatory framework for digital assets.

Republican committee chair French Hill expressed frustration, saying Waters’ move introduced unnecessary partisanship into what had been a bipartisan effort.

The White House responded, with Deputy Press Secretary Anna Kelly asserting there is no conflict of interest, emphasizing that Trump’s assets are managed by his children through a trust. “President Trump is dedicated to making America the crypto capital of the world,” she added.

The controversy casts doubt on the future of other crypto-related legislation, including a key stablecoin bill that would regulate cryptocurrencies pegged to traditional assets like the U.S. dollar. The bill was once seen as a legislative priority, but Democrats are now resisting over concerns about weak anti-money laundering measures and the use of a World Liberty Financial stablecoin in a $2 billion deal with a UAE-based firm investing in Binance.

While Republicans — who hold a Senate majority — may still pass the bill, growing division risks undermining the crypto industry’s narrative that regulation can be a bipartisan success story.

Google Tightens Crypto Ad Rules in EU to Meet MiCA Standards

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Google is preparing to tighten its cryptocurrency advertising policies in the European Union to comply with the region’s newly enforced MiCA regulations. The Markets in Crypto-Assets (MiCA) framework, which took effect in December 2024, positions the EU as one of the first major jurisdictions to regulate digital assets comprehensively. In response, Google will implement updated advertising rules later this month, aiming to provide clearer guidance around promoting crypto products, which remain volatile and largely unregulated globally.

Under the revised policy, only crypto exchanges and wallet providers registered under MiCA will be permitted to advertise their services through Google’s platforms within the EU. The changes, which were first announced last month, will officially take effect on April 23. The move underscores Google’s efforts to align its operations with emerging regulatory frameworks and to foster a safer advertising environment for users engaging with digital financial products.

The MiCA regulations are designed to streamline crypto operations across the European Economic Area, allowing licensed companies in one member state to offer services throughout the EU, as well as in Iceland, Norway, and Liechtenstein. Google’s updated rules specify that advertisers must be licensed as a Crypto-Asset Service Provider (CASP) by an appropriate national authority and must comply with additional national-level laws where applicable, even if those go beyond MiCA’s core requirements.

In addition to cryptocurrency exchanges and wallets, the stricter policy will also extend to blockchain-based gaming platforms involving non-fungible tokens (NFTs). Advertisers promoting games that allow NFT transactions must similarly hold CASP licenses and adhere to all local regulations. By implementing these changes, Google aims to bolster regulatory compliance while supporting the EU’s broader mission to bring more oversight and security to the fast-evolving digital asset sector.