Bitcoin is at the best levels since May 27, rising above $110,000 and within striking distance of the all-time high of $111,965 set on May 22.
The latest boost comes after Commerce Sec Howard Lutnick said that talks with China were going very well and would hopefully wrap up tonight (it's 8:30 pm in London).
That set off a round of bids in risk assets, particularly stocks and bitcoin. There may also be a tailwind for bitcoin on fresh EU sanctions on Russia and a proposal for lowering the oil price cap to $45 from $60, along with sanctions on those who sell refined Russian oil back into the EU.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about bitcoin climbs back above 110k and to the highest since may 27 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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