Bitcoin reached its highest point since February after President Donald Trump announced that the U.S. had reached a trade agreement with the United Kingdom. The price of the leading cryptocurrency increased by more than 3%, reaching $99,379.72, according to Coin Metrics. Earlier, it climbed as high as $99,897.00. This movement began overnight following Trump’s teasing of the announcement between the U.S. and the UK on Truth Social. In a subsequent post, he described it as a “full and comprehensive one that will cement the relationship” between the two nations. Stocks initially rose broadly on this news, with the Dow Jones Industrial Average gaining about 300 points at one point, though they have since come off their highs. Coinbase and Strategy gained approximately 4% and 3%, respectively. Other cryptocurrencies, which have struggled to keep pace with Bitcoin this year, also rallied. Ether jumped 10%, while the token tied to Solana gained 7% and Dogecoin rose 9%. — new from CNBC
