Bitcoin Breaks Above $110,000 as Optimism Returns to Crypto Market

After a recent decline, Bitcoin (BTC) marked a positive start to the new week, exceeding $110,000. The cryptocurrency surged 3.8% in the last 24 hours, reaching $111,100, marking a significant turnaround for the digital asset after its recent volatility. Altcoins, such as Ethereum (ETH) and BNB, also saw increases, signaling a renewed sense of optimism within the wider cryptocurrency market. Analysts attribute this surge to investor confidence in macroeconomic conditions, particularly following the anticipated US CPI release on Friday and the Fed’s interest rate decision next week.