Bitcoin’s price has surged by nearly 3% in the past 24 hours, reaching a record high of over $87,738. This surge reflects growing bullish sentiment and market momentum. Market cap also saw an impressive 3.09% increase, reaching $1.73 trillion, according to CoinMarketCap. A notable recent development is Metaplanet, a Japanese company, purchasing another batch of 330 BTC for $26 million. This brings their Bitcoin holdings to 4,855 BTC, demonstrating their commitment to reaching a target of 10,000 BTC by the year-end. Analysts attribute this surge to multiple factors: a cooling of global trade tensions and tariff disputes, which have previously hindered market activity. TradingView data reveals that the Bitcoin high reached $87,679 in the past 24 hours with a low point of $83,976. The current price is down by 19% from its all-time high. Several factors contribute to the surge, including the easing of global trade tensions and the impact of Bitcoin halvings. As mentioned, halving events occur every four years, reducing mining rewards in half. This process has historically led to significant price growth following halving events.