Bitcoin Surges Past $110,000 Amid Trade Optimism

The cryptocurrency market saw a significant surge for Bitcoin, pushing its price past $110,000. This rally is driven by recent optimism surrounding global trade developments, particularly following President Trump’s decision to extend the trade negotiation deadline with the European Union. 24-hour trading volume exceeded $48 billion and Bitcoin’s total market capitalization now exceeds $2.18 trillion according to CoinMarketCap data. The price increase follows a period of consolidation within the market, but recent shifts in macroeconomic sentiment appear to be driving this latest surge.