Bitcoin Hits New Record, Crosses $111,000 as Risk Appetite Strengthens

Bitcoin rose to an all-time high of just over $111,000 on Wednesday before easing slightly to around $110,450. The rally came as market sentiment recovered from last month's tariff-driven slump, helped by easing US-China trade tensions and renewed demand for alternative assets. The cryptocurrency has gained steadily in recent weeks, with risk-on flows accelerating amid improving geopolitical signals and a search for inflation-resistant assets. The move extends bitcoin's lead among digital assets, with no other cryptocurrency showing the same level of growth.