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Bitcoin soared above $103,000


May, 09 2025
watermark Economic news

On Friday, bitcoin steadily strengthened, continuing its recent rapid growth and overcoming important levels. This growth was driven by Donald Trump's announcement of a trade agreement with the UK and his optimism about reducing tariff barriers in relations with China.


On Thursday, bitcoin overcame the important psychological barrier of $100,000, showing its readiness for significant gains over the week. The cryptocurrency was steadily moving towards its third consecutive week of growth, continuing the rally that started at the end of April. 


At the time of publication, bitcoin reached $103,768, peaking at a three-month high of $103,885. The rest of the digital assets followed this rise. The second largest cryptocurrency by capitalization, Ethereum, showed an impressive growth of 16.5%, stopping at $2,209.41.



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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.