Bitcoin recorded a strong jump during trading on Thursday, surpassing the $109,000 barrier, trading at levels not seen since June 11, after overcoming the short selling wave that pushed it below $106,000 on Tuesday.

As of 10:24 AM Riyadh time, the world’s largest cryptocurrency reached about $109,380, up 3.5% over the past 24 hours.

This improvement in performance coincided with the announcement by U.S. President Donald Trump of a trade agreement with Vietnam, which broadly supported high-risk assets, as the Nasdaq index rose by 0.8% during the session.

Under the agreement, the United States will impose a 20% tariff on goods coming from Vietnam, along with a 40% tariff on goods re-shipped through Vietnam. In return, American exports will face no tariffs upon entering the Vietnamese market.

Amid the large fluctuations in the cryptocurrency market, such as Bitcoin's recent jump above $109,000 and the political developments affecting the market, access to immediate and accurate analyses has become indispensable for investors.

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