From Financial Modeling Prep: 2025-06-10 08:48:00

Bitcoin surged 3.8% to $109,404.20 amid easing U.S.-China trade tensions and anticipation of a key U.S. inflation report.

High-level trade talks in London between U.S. and Chinese officials led to progress on tariff rollbacks, boosting investor sentiment and benefiting Bitcoin.

Bitcoin hit a record high of $112,000 last month, driven by legislative support, institutional interest, and optimism around ETFs and sovereign adoption.

Markets are focused on Wednesday’s U.S. CPI report, which could impact interest rates and the dollar, influencing Bitcoin’s short-term direction.

Paraguay’s President’s Twitter account was hacked, spreading a Bitcoin scam about legal tender adoption, quickly debunked by officials.

Despite recent volatility, Bitcoin is well-positioned with easing U.S.-China relations and ongoing institutional interest, though short-term fluctuations may occur based on CPI data and global policies.



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