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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/10/2025

Bitcoin Surpasses $110,000 After Trump's Upbeat Comments on U.S.-China Trade Talks

June 10, 2025 — The global crypto market staged a strong recovery as Bitcoin (BTC) returned to the $110,000 level for the first time in nearly three weeks, ending a prolonged pullback on the back of positive signals from U.S.-China trade negotiations. BTC and ETH Lead Market Recovery After bottoming at $100,355 at the end of May, Bitcoin rallied more than 10%, reaching $110,000 on the morning of June 10. At the time of writing, BTC is trading around $109,6

Bitcoin Surpasses $110,000 After Trump's Upbeat Comments on U.S.-China Trade Talks

June 10, 2025 — The global crypto market staged a strong recovery as Bitcoin (BTC) returned to the $110,000 level for the first time in nearly three weeks, ending a prolonged pullback on the back of positive signals from U.S.-China trade negotiations.

BTC and ETH Lead Market Recovery

After bottoming at $100,355 at the end of May, Bitcoin rallied more than 10%, reaching $110,000 on the morning of June 10. At the time of writing, BTC is trading around $109,632. The move higher came alongside an improvement in investor sentiment following remarks by President Donald Trump, who said "we've made good progress with China" after a round of trade talks held in London.

Ethereum (ETH) also posted a sharp recovery, climbing from a low of $2,379 to as high as $2,726 — just about $62 shy of its previous high. Altcoins like Solana (SOL) have yet to fully recover but still logged gains of over 14% after dropping as low as $141.

Sentiment Turns Decisively Positive

The Fear & Greed Index jumped to 64 — squarely in "Greed" territory — signaling that investor sentiment has flipped back to bullish. Total crypto market capitalization rose more than 2%, approaching the $3.5 trillion mark.

According to Coinglass data, over 106,000 traders were liquidated in the past 24 hours, totaling $436 million. Short positions accounted for $381 million of that figure, pointing to a classic short squeeze as prices surged faster than bears could respond.

Corporations and Institutions Keep Buying Bitcoin

Meanwhile, a number of publicly listed companies announced plans to bolster their Bitcoin reserves. KULR Technology, for example, is planning to raise $300 million to purchase additional BTC and invest in mining operations, and has already contracted 5,500 mining rigs for deployment.

In the UK, London-listed Anemoi International announced it would convert 30% of its cash reserves into Bitcoin as part of a long-term financial restructuring strategy.

A Bitcoin ETF operated by BlackRock also hit a new milestone, surpassing $70 billion in assets under management in just 341 days — five times faster than the previous record set by the SPDR Gold Trust (GLD).

U.S.-China Talks Provide Additional Tailwind

Comments from senior Trump administration officials gave markets a psychological boost. The U.S. Treasury Secretary called the London talks "a good meeting," while the Commerce Secretary described the session as "very productive." Trump himself added: "We've made progress with China — we may look at rolling back some restrictions."

The news quickly sparked a rally in U.S. equity markets that spilled over into crypto.

What's Next: Can Bitcoin Hit $120,000 in June?

Technical analysis from Decrypt notes that the gap between Bitcoin's 50-day EMA and 200-day EMA is widening — a sign of sustained bullish momentum. With BTC holding firmly above $100,000, which now also serves as a key technical support level, analysts consider a $120,000 target in June entirely achievable.

That said, investors are cautioned to stay alert to political and tariff-related black swan events. July tariff data tied to ongoing trade policy could still deliver a negative shock if negotiations fall short of expectations.

Bottom line:
Bitcoin is back on an uptrend, supported by both technical and macro tailwinds. Institutional buyers continue to accumulate, sentiment has turned bullish, and U.S.-China trade relations show early signs of thawing — all of which are setting the stage for BTC to push toward new all-time highs.