Bitcoin Soars Past $100K, Crypto Market Climbs to $3 Trillion

Well, that didn’t take long. For the first time in months, Bitcoin hits $100K, and the global crypto market just pushed past the $3 trillion mark again, thanks in part to a big splash on the geopolitical stage. A newly announced trade deal between the United States and the United Kingdom gave traders across both.. The post Bitcoin Soars Past $100K, Crypto Market Climbs to $3 Trillion appeared first on 99Bitcoins.

May 9, 2025 - 12:01
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Bitcoin Soars Past $100K, Crypto Market Climbs to $3 Trillion

Well, that didn’t take long. For the first time in months, Bitcoin hits $100K, and the global crypto market just pushed past the $3 trillion mark again, thanks in part to a big splash on the geopolitical stage. A newly announced trade deal between the United States and the United Kingdom gave traders across both traditional and digital markets something to cheer about.

Altcoins rallied after Bitcoin (BTC) breached $100K today.
Altcoins rallied after Bitcoin (BTC) breached $100K today – Source: Coingecko

It’s a number we haven’t seen in years, and the timing has plenty of people asking whether this is the start of a bigger breakout or just a short-lived sugar rush.

Bitcoin Breaks $100K Again

At the heart of the rally, of course, was Bitcoin. It jumped more than 5 percent, crossing the six-figure mark to hit $101,329. That’s the first time it’s topped $100,000 since February, and it didn’t get there alone. Ethereum also surged by over 14 percent to cross $2,050. Other big names like Solana, XRP, and Cardano posted strong gains too, all contributing to the $3 trillion market cap milestone.

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DISCOVER: Best New Cryptocurrencies to Invest in 2025

Traders aren’t just chasing green candles here. The move was fueled by some rare good news from the global political front.

The Trade Deal That Lit the Fuse

What really set things off was a joint announcement from President Donald Trump and U.K. Prime Minister Keir Starmer. The two leaders revealed a preliminary trade agreement aimed at lowering tariffs and boosting market access between the two countries.

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