Bitcoin Unshaken At $102K While XRP, ETH, SOL Take Off

Experts observed the deal as a sign that Trump may soften his hardline trade position that has disrupted global markets.

Bitcoin remained above the $100,000 mark on Friday, boosted by fresh investor optimism following a trade sign between the US and UK.

The world’s biggest cryptocurrency traded around $102,000, as traders embraced indications of reduced global trade tensions.

The rally picked up steam after the US President Donald Trump and British Prime Minister Keir Starmer declared what they explained as a “breakthrough deal” on Thursday. The deal keeps a 10% tax on British goods coming into the US, but lowers the tax on American goods entering the UK from 5.1% to 1.8%.

Experts understood the action as a signal that Trump may be ready to backtrack on some of the confrontational trade measures that have shaken global markets since his return to the White House at the beginning of this year.

Trump Eases Trade Stance, Lifting Bitcoin, ETH, XRP, and SOL

This is the initial official agreement since Trump started establishing tariffs in February, announcing what many explained as a new round of trade conflicts. The government’s recent 90-day break from adding new tariffs, meant to allow for talks, has made investors hopeful for more agreements.

Bitcoin was not alone in its growth. Ether climbed 16.4% to $2,218, while XRP surged 6.3% to $2.31. Solana also shared a 7.3% rise, trading at $162.07. Experts said the big rise in crypto prices was due to overall positive economic factors and more involvement from big institutions.

Bitcoin’s Bullish Path Remains Strong as Geopolitical Threats Rise

Standard Chartered’s Geoffrey Kendrick said risk mood no longer influences Bitcoin’s price. “It’s now all about money coming in, and this money is coming in different ways,” he said, mentioning strong buying from big investors and money flowing into Bitcoin ETFs.

In addition, in the beginning, Kendrick aimed for $120,000 for the second quarter, which may have undervalued Bitcoin’s momentum.

Other analysts highlighted the Federal Reserve’s current statement to hold interest rates stable. James Toledano, COO of Unity Wallet, said the change has made investors search for other types of assets in an unstable economy, with Bitcoin being “appealing.”

Toledano also mentioned that the US-UK agreement has increased trust across the worldwide markets.

“The feeling is that if President Trump is making a deal with the UK, it will likely spread to other countries soon,” he said. “But this definitely gives us hope, creating a positive environment that helps assets like Bitcoin.”

While the outlook has enhanced, risks still exist. Ongoing global tensions, like the recent conflict between India and Pakistan, could still affect how the market feels.

At present, Bitcoin’s return to six figures has reignited confidence in the digital asset sector.

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