BREAKING: Bitcoin Blasts Past $100K, Roars Back to Six Figures!

Holy smokes, Bitcoin just smashed through the $100,000 ceiling on Thursday! It's the first time it's hit six figures since February, and it's a wild comeback from that brutal April crash.

Get this - crypto's king has rocketed up 33% in just a few short weeks after tanking to under $75,000. That nosedive came after former President Donald Trump threw everyone for a loop with some surprise tariff announcements.

But guess what? It's not just Bitcoin partying - the whole crypto market is bouncing back like there's no tomorrow! Crypto stocks and altcoins are all shaking off that early April funk.

Seems like investors are betting big on some sweet news - a U.S.-UK trade deal that's got everyone buzzing with optimism.

Just a few days ago on May 8, President Trump dropped a bombshell - a brand new trade deal with the UK, the first one since he started slapping tariffs all over the place. This deal is cutting down those pesky non-tariff barriers on U.S. goods like beef and ethanol, and it's slashing tariffs on British cars from a whopping 25% down to just 10%!

But wait, there's more! Trump's also eyeing up future deals with the EU and China, and the House just passed a bill to rename the Gulf of Mexico as the Gulf of America. Crazy times, right?

Bitcoin to $120,000?

Hold onto your hats, because according to Standard Chartered's Geoff Kendrick, real money is pouring into the market through spot bitcoin ETFs. We're not talking about those hedge fund basis trades from earlier rallies - this is the real deal!

Kendrick's now saying his earlier Bitcoin target of $120,000 for Q2 might be way too low. Can you believe it?

Bitcoin's dominance is off the charts too, climbing over 60% - a level we haven't seen since way back in early 2021. It looks like traders are all in on BTC, especially with all this geopolitical craziness and people losing their appetite for altcoins.

Remember, in past $100K rallies, dominance was hovering around 52-54%. This time, it's a whole different ball game!

And don't sleep on Ethereum, Solana, and the other big dogs - they're bouncing back hard too, even if they're still licking their wounds from earlier this year.