Bitcoin's Remarkable Rally

In a stunning turn of events, Bitcoin's price has surged beyond the $100,000 threshold for the first time since early February. This significant milestone was achieved amid a backdrop of global economic shifts, increasing corporate investments, and a wave of positive market sentiment.

Driving Forces Behind the Surge

The cryptocurrency's rally was further fueled by the announcement of a groundbreaking trade agreement between the US and the UK, hailed by US President Donald Trump as a "breakthrough." Additionally, the anticipation of eased trade tensions between the US and Japan, with negotiations set to begin on May 10, has played a pivotal role in restoring market confidence.

Federal Reserve's Role

The Federal Reserve's decision to maintain interest rates steady at 4.25%–4.5% has also contributed to creating a favorable environment for speculative assets like Bitcoin, allowing them to flourish.

At 11:24 am ET, Bitcoin was up 3.31% to $100,186.223, while Ethereum saw an impressive climb of 10.93% to $2,009.72.