Bitcoin Hits Record High of $109K Amidst Easing Trade War Tensions

Bitcoin broke its all-time high, reaching $109,400 on May 21st. This surge follows a temporary trade deal between the US and China that eased global economic concerns and boosted investor confidence. The agreement reduced import tariffs, contributing to the rising Bitcoin price. Experts point to expanding DeFi applications and increased institutional investments as key drivers of this rally.