U.S. President Donald Trump is postponing tariffs on the European Union (EU), and the price of Bitcoin is on the verge of surpassing $110,000.
According to global virtual asset market tracking site CoinMarketCap on the 27th, Bitcoin was trading at $109,217 as of 8 a.m. The price has risen 3.24% from a week ago and 0.03% from 24 hours ago.
The price of Bitcoin surpassed $110,000 on the 22nd, setting a new all-time high. It was close to breaching $120,000 but fell to $107,300 after news that President Trump showed signs of escalating the tariff war.
However, after Trump announced on the 25th, just two days later, that he would suspend tariffs on the EU, the price exceeded $110,000 again but showed a slight decline.
Ethereum, the leading altcoin, was trading at $2,559 around the same time. The price rose 1.7% from a week ago and 0.44% from 24 hours ago. Additionally, XRP traded at $2.3, BNB at $673.01, and Solana at $174.51.