Bitcoin Breaks $110K Barrier Amidst Market Optimism

Bitcoin’s price surged above $110,000 on May 26th, a landmark milestone that coincided with rising optimism within the crypto market. This rise was driven by several factors, including increased institutional interest in Bitcoin and a delay in US tariffs imposed on EU imports. Michael Saylor, CEO of MicroStrategy, disclosed his company’s acquisition of $427 million worth of Bitcoin last week, highlighting the growing investment from large players.