Bitcoin has surged past the $110,000 mark, reaching a new high of $111,970 in 2025. The cryptocurrency's price has been volatile, with fluctuations between $109,000 and $112,000 over the past few days. This recent peak follows a period of significant interest and investment from both retail and institutional investors. The rise in Bitcoin's value is attributed to several factors, including growing support from Wall Street giants and the establishment of a U.S. Strategic Bitcoin Reserve by President Donald Trump. This reserve aims to store cryptocurrencies as part of the nation's strategic reserves, signaling a shift in regulatory attitudes towards digital assets. Additionally, the extension of trade negotiations between the U.S. and the European Union until July 9, which had been threatened by increased tariffs, has contributed to the bullish sentiment in the cryptocurrency market. The agreement to extend negotiations has alleviated some of the macroeconomic pressures that had previously caused a dip in Bitcoin's price over the weekend.