Bitcoin Rebounds to $110K, HYPE Reaches Record Peak (Market Overview)

Following a temporary slump, Bitcoin's price has bounced back to around $110,000 after President Trump delayed tariffs on the EU, which were due to start on June 1st. Meanwhile, HYPE continues to dominate larger-cap coins, reaching a new all-time high of almost $40.

Bitcoin experienced some fluctuation at the start of the last business week, but ultimately managed to push past $109,100 to reach nearly $110,000. Despite a brief setback, Bitcoin surged again and reached $112,000 on Thursday. Although President Trump's announcement of new tariffs against the EU initially drove Bitcoin's price down, it recovered upon the postponement of these tariffs. Currently, Bitcoin's market cap is $2.180 trillion and it holds 61.1% dominance over altcoins.