Bitcoin (BTC-USD) climbed past the $100K mark in Thursday late morning trading for the first time in around three months, buoyed by renewed market optimism after U.S. President Donald Trump announced a "breakthrough trade deal" with the U.

The upswing in prices is consistent with the cryptocurrency's broader bullish technical setup and buoyant risk sentiment in traditional markets. As of this writing, the Asian stocks traded higher, with the futures tied to the S&P 500 up by 0.6%.

Crypto markets have opened higher as Trump has confirmed a post-tariff trade deal with the UK, lifting Bitcoin above $100,000.