Crypto prices today: Bitcoin trades near $110,000 as geopolitical tensions ease; Altcoins jump up to 5%
As of 12:51 PM IST, Bitcoin rose 2.1% to $1,09,993, while Ethereum gained 3.6% to $2,588. The global cryptocurrency market cap climbed 2% to $3.46 trillion.
Bitcoin rebounded after the U.S. dialled back its 50% trade tariff threats on European imports, providing short-term relief to global markets. Analysts believe the crypto’s next key resistance lies around $112,000.
“Bitcoin has bounced after the US backtracked its 50% trade tariff on Europe… it must break through $112,000 to continue its strong rally,” said Vikram Subburaj, CEO of Giottus.
Crypto Tracker
The rally follows a record high of $112,000 last week, driven by growing institutional demand and optimism around global crypto regulation. While recent volatility stemmed from…
