Bitcoin Soars Past $102K and Ether Rises Above $2K as Investors React to US-UK Trade Deal

The cryptocurrency market experienced a surge in the past few hours following an announcement from US President Donald Trump regarding a trade agreement between the US and UK. On Friday, Bitcoin’s price skyrocketed to $102,722 (approximately Rs. 88.1 lakh), showing a 3.9 percent increase on global exchanges. This marks the first occasion in over two months that Bitcoin has surpassed the $100,000 (around Rs. 85.7 lakh) threshold. In India, Bitcoin’s price climbed by 5.20 percent, currently standing at $97,915 (around Rs. 84 lakh).

«In just one day, the crypto market gained over $240 billion (about Rs. 20,59,507 crore), with Bitcoin taking the position of the fifth-largest asset by market capitalization. This uptick followed Trump’s announcement of the US-UK trade agreement and growing optimism regarding a potential US-China deal, boosting investor sentiment. Consequently, investors anticipate robust economic performance. BTC now faces its next resistance level at $106,600 (approximately Rs. 90.9 lakh), while support is identified at $98,600 (around Rs. 84.6 lakh),» commented Edul Patel, Co-founder and CEO of Mudrex, to Gadgets 360.

The price of Ether surged by more than 16 percent in the last 24 hours across international exchanges, currently trading at $2,207 (roughly Rs. 1.90 lakh), based on data from CoinMarketCap. On Indian exchanges, the asset’s value increased by 18 percent, reaching $2,155 (around Rs. 1.85 lakh).

«Various altcoins have also experienced significant momentum, with Ethereum surpassing the critical resistance level of $2,200 (roughly Rs. 1.88 lakh) thanks to a jump exceeding 20 percent. The inflow of liquidity into altcoins suggests that an altseason might be approaching,» the CoinDCX research team stated.

The crypto price tracker from Gadgets 360 indicated that nearly all altcoin prices were on the rise on Friday. Among these are Ripple, Solana, Dogecoin, Cardano, and Tron.

Other cryptocurrencies such as Shiba Inu, Polkadot, Litecoin, Monero, and Polygon also appreciated in value on Friday.

The overall valuation of the crypto market increased by nearly five percent within 24 hours. As of now, the total crypto market capitalization is approximately $3.22 trillion (around Rs. 2,75,96,317 crore), according to CoinMarketCap.

Some altcoins, including Tether, Litecoin, Near Protocol, Cosmos, and EOS Coin experienced a decline in their values on Friday.

«This current upswing is regarded as the second phase of a broader bullish trend. With growing institutional interest, this rally highlights the rapid development of the crypto market and its increasing acceptance as a legitimate asset class,» stated Himanshu Maradiya, Founder and Chairman of the CIFDAQ exchange, in an interview with Gadgets 360. Given the current macroeconomic shifts and geopolitical tensions, analysts strongly recommend that investors proceed with caution when making investments.

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