In a thrilling resurgence, Bitcoin has surged past the $100,000 mark for the first time in three months, sending shockwaves through the crypto markets.

Just recently, Bitcoin was valued at $101,000, rebounding from an overnight dip that saw it drop to $96,000. This dramatic uptick comes on the heels of exciting news about a trade agreement between the United States and the United Kingdom, with President Donald Trump hinting at more potential deals. He remarked that numerous agreements are "in serious stages of negotiations" and expressed optimism about upcoming talks with Chinese officials this weekend.

These trade developments have not only bolstered Bitcoin but have also lifted risk assets across the board, causing U.S. stocks to rally. Investors are eagerly seeking concrete progress on trade discussions to alleviate fears that the Trump administration's proposed tariffs could choke economic growth.

Cryptocurrency exchange Coinbase (COIN) saw its shares jump 6% in early afternoon trading, while MicroStrategy, now rebranded as Strategy (MSTR), enjoyed a 7% rise. Bitcoin miners also made impressive gains, with Riot Platforms (RIOT) climbing 7% and Marathon Holdings (MARA) soaring by 8%.

Earlier this year, Bitcoin hit an astonishing high of around $109,000, fueled by optimism surrounding Trump's administration potentially favoring the crypto sector. Trump has been keen to position himself as a pro-crypto leader, even signing an executive order to establish a strategic bitcoin reserve and potentially a broader U.S. digital assets stockpile.

However, after a period of decline where Bitcoin mirrored the U.S. stock market, concerns regarding the ramifications of Trump's trade policy dampened investor sentiment. Nevertheless, with today’s explosive rally, Bitcoin has bounced back impressively, rising approximately 33% from its early-April low of $76,000.