Bitcoin’s value broke the $100,000 mark for the first time in early December and moved even higher later in the month before pricing eased a bit. The digital token ended 2024 up over 100% for the year, with about half that gain realized after President Donald Trump‘s election victory in early November.

Bitcoin climbed past $100,000 for the first time since early February on Thursday, boosted by trade developments and rising risk appetite among investors.

Investors in cryptocurrencies appear to be growing more optimistic that President Trump will secure important trade deals. Here’s what to know. The price of Bitcoin is nearing the psychologically important price point of $100,