BTC Surges 2% to All-Time Highs Amid US Tariffs, Fed Rate Cut Signals, and 70% Volume Spike

Bitcoin is currently trading at $109,703.05 with a 24-hour opening price of $107,545.47, reflecting a 2.01% increase and strong trading activity as daily volumes surged up to 70%, while the market capitalization stands at approximately $2.19 trillion. The recent price movement is driven by heightened volatility following U.S. President Donald Trump's announcement of a 50% tariff on the European Union effective June 1 and Federal Reserve Chair Jerome Powell's comments on a potential interest rate cut, both of which have contributed to increased risk-on sentiment and significant inflows into Bitcoin. This environment has led to new all-time highs, liquidations of large positions, and robust optimism, as indicated by a Fear & Greed Index of 70 and continued institutional interest.