Bitcoin rose in price to $99 thousand

On Thursday, May 8, the value of the first cryptocurrency exceeded $99,000 for the first time since the beginning of the year, reaching $99,150 by the time of publication.

The daily growth was 2.4%, which experts attribute to market optimism in response to US President Donald Trump's promises to implement large-scale tax cuts and sign a major trade agreement. According to sources of the New York Times, one of the partners in the deal could be Great Britain, but specific details have not yet been disclosed.

Rachel Lucas, a representative of Australian crypto platform BTC Markets, noted that the current dynamics open the way for testing the $100,000 level of Bitcoin.

“If Bitcoin holds above that level, it could be a catalyst for a return to all-time highs,” she told The Block.

Despite such a positive mood, analysts warn of risks: volatility may increase if profits are taken at the $100,000 level.

Earlier, we wrote that the digital asset BTC rose in price by more than 3% on Wednesday, briefly breaking the $97,500 level.