Bitcoin Soars Above $110K, Nearing Record as Ethereum and Dogecoin Rise

Bitcoin Denied $ 110,000 late on Monday afternoon, the first time that threshold passed in almost two weeks, as investors hoped for hope in current conversations between the US -Ai China that could facilitate tension in the store. And the liquidations of short positions accumulate in the midst of the rise.

The largest currency of market capitalization recently traded at around $ 110,100, which is 3.5% compared to the last 24 hours. The BTC has increased by almost 5% in the last seven days after falling below $ 101,000 on June 5, a part of a longer momentum that began in late May.

On that brand, Bitcoin is not far from its high price of $ 111,814 in May.

The main altcoini were also on a positive territory with Ethereum– The second biggest coin per market capitalization – looking for over $ 2,640, an increase of 4.5%, and its main rival, saline, climbed to more than $ 3% to almost $ 160.

Meme coins, which have been particularly affected in recent weeks, have also changed on the rise, with Dogecoin and his Spinoff Shiba in 4.5%and 2.5%or 2.5%.

The Šiljci arrived while the US and China renewed their discussions about the sharp trade tariffs that were unregulated markets. Nasdaq and S&P 500 focused on technology on Monday marked several fractions of percentage point.

Crypto short positions worth almost $ 323 million have been liquidated in the last day, according to data Coinglingled Bitcoin with $ 196 million.

Crypto investors were retreating in the midst of trade issues and other macroeconomic insecurity, and the funds that suffered on the stock market, and the property threw their assets on five of the last seven days. Ethereum etfs, however, collectively are Set the 15-day green strip with positive inflows.

Edited Andrew Hayward