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Bitcoin Hits US$110 Thousand Again, Preparing to Break a New All-Time High?
Bitcoin has once again set a record by surpassing the US$110,000 level on Tuesday ( 10/06 ) morning, driven by positive sentiment from trade negotiations between the United States and China.
Interestingly, Bitcoin (BTC) recorded an increase of 3.5% and nearly 5% over the week, indicating a strong recovery from previous pressures. The price of Bitcoin is now just slightly away from its all-time high of US$112,006 reached last month.
The surge in Bitcoin prices, supported by renewed optimism from US-China trade talks, has prompted investors to take another look at digital assets. This indicates the influence of geopolitical and global economic developments on Bitcoin's volatility.