Bitcoin cracked the $100,000 ceiling on Thursday for the first time since February, notching a high-water mark that had traders buzzing. During the morning stretch, it floated near $99,800 before catapulting to an intraday top of $101,454. The breakout rides the wave of buoyancy in U.S. equities after Trump announced that fresh trade agreements with nations like the United Kingdom are nearing the finish line. Bitcoin’s upward burst triggered a cascade of crypto liquidations—roughly $583.82 million in derivatives got wiped out, including a brutal $101 million worth of bitcoin shorts erased within the past hour. After tapping $101,454, the price has since eased a bit. By 12 p.m. Eastern on Thursday, BTC is holding steady at $100,691—a number still turning heads across the market.

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