Bitcoin Rises: Price Approaches $100,000 Amid Trading Optimism
Kyiv • UNN
Bitcoin continues to rise, approaching the $100,000 mark, amid hopes for a de-escalation of the US customs program. Analysts believe this level will be a significant obstacle.
Bitcoin rose on Thursday, approaching $100,000 on trading optimism.
UNN reports with reference to Investing and Cointelegraph.
Details
Bitcoin seeks to reach the $100,000 mark. Last Friday, Bitcoin broke out of its consolidation range around $95,000 and reached $98,000 - the highest level since mid-February. According to new data, the price of bitcoin rose again on Thursday, approaching key levels of $100,000. Among the key reasons for the "risky changes" are hopes for a de-escalation of US President Donald Trump's customs program. The latter announced an important trade agreement recently, Investing recalls.
Analysts' opinion
The $100,000 threshold will be a significant obstacle both because of its rounded value and its past performance, says eToro analyst Simon Peters.
In November 2024, when the price first reached this level, it quickly adjusted to $90,000 in a matter of days
Recall
UNN reported that the Verkhovna Rada plans to ratify a historic agreement between the United States and Ukraine. As it became known earlier, people's deputies must approve an agreement on the creation of a joint investment fund.
Bitcoin price soars to $97,000: market sentiment07.05.25, 13:04 • 8505 views