Bitcoin Nears $100,000 and Ether Surges on Talk of Trade Deals

A cartoon image to mark the cryptocurrency reaching over $100,000 displayed at a Coinhero store in Hong Kong, China in Dec 2024.Photographer: Paul Yeung/Bloomberg

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By Suvashree Ghosh

May 8, 2025 at 8:18 AM UTC

Updated on

May 8, 2025 at 11:22 AM UTC

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Bitcoin approached the $100,000 mark for the first time since February with US President Donald Trump expected to announce a trade agreement with the UK.

The largest digital asset rose as much as 3.2% to $99,894 on Thursday, as most major tokens climbed higher. Ether — the second-largest token — soared as much 9.4% to $1,968.