Bitcoin is approaching its historical price record!

There is a bullish sentiment in the bitcoin market. The price of bitcoin (BTC) is close to all-time highs. At the time of this publication, each BTC is trading for over 110,000 dollars on major exchanges.

Rumors of a soon departure of Jerome Powell as chairman of the U.S. Federal Reserve (Fed) (who would be replaced by Scott Bessent), combined with the market's positive expectations regarding negotiations between the United States and China on international trade tariffs, are driving BTC's price. The following chart, provided by TradingView, shows how BTC has performed in the last 24 hours: As CriptoNoticias reported, analyst Willy Woo believes that bitcoin could quickly move towards the 118,000 dollar zone.