Bitcoin Hits New High as US-China Tariff Relief Drives Market Growth

Bitcoin surged past the $105,000 mark on Monday, reaching a new all-time high. The surge came in response to a temporary reduction of tariffs between the US and China. This positive development helped boost global markets and provided traders with optimism for riskier assets like cryptocurrencies. The market cap of Bitcoin now stands at $2.09 trillion, reflecting a 1.51% increase over the last 24 hours. Trading volume increased by nearly 6%, reaching a remarkable $47.04 billion.