In brief
- The price of Bitcoin rose to $107,000 on Tuesday per data from CoinGecko, with some trackers showing even higher daily peaks.
- At that mark, Bitcoin is less than 2% down from its all-time high price set back in January.
- Risk-on assets like cryptocurrencies have rebounded significantly in recent weeks as President Trump’s trade war cools off.
Bitcoin is inching closer to its all-time high price mark, coming closer Tuesday afternoon than it has in four months with a jump to $107,000.
The price of the leading cryptocurrency hit $107,000 on Tuesday according to CoinGecko, and bounced even higher per data from CoinMarketCap and crypto exchange Coinbase. At $107,000, Bitcoin is now less than 2% away from its all-time high mark of $108,786 set back in January on President Trump’s inauguration day.
Bitcoin has made a substantial rebound since falling to a price below $75,000 in early April amid President Trump’s brewing global trade war. However, BTC has continued to tick up in recent weeks as Trump has pulled back on trade tariffs against
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Author: Andrew Hayward
