Bitcoin has surged past the $110,000 mark once again, reigniting bullish momentum in the crypto market.
The renewed rally comes amid growing optimism surrounding global trade developments, particularly following a key move by President Donald Trump.
According to data from CoinMarketCap, Bitcoin is currently trading at $110,050, with a 24-hour volume exceeding $48 billion and a total market capitalization of over $2.18 trillion.
The price spike follows a volatile month of consolidation but now appears to be driven by a shift in macroeconomic sentiment.
Trump’s Trade Decision: A Market Catalyst?
Trump’s Trade Decision: A Market Catalyst?President Trump recently announced an extension of the trade negotiation deadline with the European Union to July 9, following what he called a “good call” with EU Commission President Ursula von der Leyen. The move comes just days after Trump warned of potential 50% tariffs on EU goods starting June 1. His decision to delay the tariff hike and re-engage in talks seems to have calmed broader economic tensions.
Trump’s comments on Truth Social suggested confidence in reaching a deal, saying, “It’s my privilege to extend the deadline.” This softer tone on trade, combined with his previous reduction of tariffs from 20% to 10%, appears to have reassured investors—both in traditional and crypto markets.
Why It Matters for Bitcoin
Markets tend to react quickly to geopolitical uncertainty—and just as rapidly to signs of relief. With inflation still looming and fiat uncertainty high, Bitcoin continues to benefit from its status as a hedge against traditional financial instability. Trump’s decision signals less immediate economic disruption, which may have triggered renewed confidence in risk assets like Bitcoin.
Final Thoughts
While Bitcoin’s climb back above $110K is rooted in many factors, the timing aligns closely with easing macro tensions driven by the Trump administration’s trade recalibration. Whether this momentum will continue likely depends on the outcome of the extended negotiations—but for now, Bitcoin bulls have reason to cheer.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-is-back-above-110000-whats-fueling-the-surge/