Bitcoin Approaches $100,000 After Breaking Through 10-Week High

Bitcoin is fast approaching $100,000 once again, after reaching its highest level since late February, with investors’ appetite for risk being rekindled across financial markets.

The original cryptocurrency has faced downward pressure in recent weeks as Donald Trump’s tariff policy prompts a steep rout in both the stock and digital-asset market. It had dropped as much as 30% after reaching a record high of about $109,000 on Jan. 20, the day Trump was inaugurated for a second time as US president.

The largest token by market value climbed as much as 3.1% to $97,483, the highest since Feb. 21. Bitcoin ...