Crypto stocks got a jolt Thursday as the price of bitcoin cဣlimbed 🐻above $100,000 for the first time since early February.

Bitcoin was at $101,000 recently, up from an overnight low around $96,000, as investors welcomed news of a trade agreement between the U.S. and U.K. and the prospect of more deals. President Donald Trump said Thursday that "many other deals" are in "serious stages of negotiations," and expressed optimism that progress would be made in talks between U.S. and Chinese officials over the weekend.

The latest developments on trade provided a boost to risk assets broadly, as 澳洲幸运5官方开奖结果体彩网:U.S. stocks also surged. Investors have been looking for concrete signs of progress on trade talks amid concerns that the tariffs the Trump ad𓂃ministration has proposed will cause economic growth to stall.

Shares of cryptocurrency exchange Coinbase (COIN) were up 6% in early-afternoon trading, while Strategy (MSTR), the Bitcoin buyer formerly known as MicroStrategy, added 7%. Bitcoin miners Riot Platforms (RIOT) and Mara Holdings (MARA) climbed 7% and 8%, respectively. 

Bitcoin 澳洲幸运5官方开奖结果体彩网:hit a record high of around $109,000 ahead of Trump's inauguration in January amid optimism that the new administration would adopt policies to benefit the crypto industry. Trump has made efforts to be seen as a pro-crypto president, including signing an executive order in March that laid the groundwork for a 澳洲幸运5官方开奖结果体彩网:strategic bitcoin reserve and a broader U.S. digital asset stockpile.

However, bitcoin stumbled in recent months, along with the U.S. stock market, as concerns about the potential impact of Trump's trade policy weighed on risk appetite. With today's rally, bitcoin has risen about 33% from its early-April low of $76,000.