Bitcoin tops $100,000 on trade deal optimism
A recent double-digit rise in crypto-exchange hacks and a wave of brazen crypto-executive kidnapping attempts according to Bloomberg News. REUTERS/Edgar Su
NEW YORK : Bitcoin topped $100,000 on Thursday for the first time since early February, bolstered by a wide-ranging deal between the United States and the United Kingdom in a sign that perhaps U.S. President Donald Trump's trade war with the rest of the world is easing.
By midday, bitcoin was trading at $101,402.19, a 4.8 per cent gain on the day. The world's biggest cryptocurrency has clawed its way back into positive territory for the year, although it remains off the all-time high above $109,000 reached in January.
(This story has been corrected to fix the record level to above 109,000, not 107,000 and month to January, not December, in paragraph 2)
