$ETH At 11:32 am IST, Bitcoin was trading 3.4% higher at $109,241 after touching an intraday high of $110,561, according to CoinMarketCap. Ethereum surged 7.3% to $2,664. The global crypto market capitalisation rose 3.8% to $3.4 trillion.

Altcoins also mirrored the bullish sentiment. XRP gained 2.3%, BNB 2%, Solana 5.2%, Dogecoin 5.5%, Cardano 5.7%, Hyperliquid 11%, Sui 5.6%, and Shiba Inu 4%.

Bitcoin breached the $110,000 mark on Tuesday ahead of US inflation data due Wednesday," said Shivam Thakral, CEO of BuyUcoin. "Traders are avoiding big bets for now as the data release comes alongside the US-China trade talks in London. Any easing of tensions could lift sentiment across global financial markets. However, macroeconomic headwinds may keep the market volatile in the near term.#TRX