Bitcoin (BTC) has seen a 3.78% increase in the last 24 hours, surpassing $114,000 to mark a two-week high.
Progress in U.S.–China trade talks has likely boosted investor confidence and risk appetite across markets. The U.S. Treasury Secretary’s statement that the proposed 100% tariffs on Chinese goods are “no longer on the table” may have contributed to Bitcoin’s rise. Additionally, early agreements on export controls and agricultural trade between the two countries could have fostered optimism in global markets.
A total of $319 million in short liquidations may also have fueled BTC’s upward momentum, helping it break the $112,000 resistance and climb toward $114,500.
