BTC/USD: Bitcoin Breaks $104,000 as Crypto Gets a Boost from Trade Deal Optimism

Key points:

• Bitcoin crosses $104,000 threshold
• Traders bet China deal is coming
• Bitcoin up 40% since April bottom

Bitcoin Clears $104,000

• Bitcoin (BTCUSD) surged past $104,000 early Friday, notching a fresh three-month high as the crypto market rallied on hopes that a broader thaw in global trade tensions is finally underway.
• The move came after US President Donald Trump announced a breakthrough trade deal with the UK, scrapping a series of retaliatory tariffs.
• What did traders do? They did what they do best — speculate. Traders figured China might be next. “We’re gonna have a good weekend with China,” Trump said, sparking hopes that the tariff war with China might be coming to an end.