Bitcoin soared to a record high on Wednesday, surpassing its previous peak from January, as global investor sentiment continues to rebound following last month’s tariff-related market jitters.
The world’s largest cryptocurrency climbed to an intraday high of $109,760.08 and was trading at $108,117 at the time of reporting, marking a 1.1% gain.
Several factors are fueling the latest rally, including easing trade tensions between the U.S. and China, and a recent downgrade of U.S. sovereign debt by Moody’s.
