#TrumpTariffs #TrumpTariffs

Cryptocurrencies rise after Trump's tariff extension and Bitcoin nears 110,000 USD.

Major cryptocurrencies rose on Sunday while U.S. stock futures fell amid the extension of tariffs by the Trump administration.

What happened

Bitcoin surged to an intraday high of $109,731.63, with a trading volume increase of nearly 25% in the last 24 hours.

Ethereum, the second-largest cryptocurrency by global market capitalization, reached a peak of $2,600 before pulling back to around $2,500.

The rally wiped out $134 million in bearish short positions in the last day; over $300 million in bearish bets remain at risk of liquidation if Bitcoin sets a new high.