Bitcoin experienced a sudden surge, rising over 2.4% to surpass $105,000. Ethereum also saw a significant increase, climbing more than 3%. This price jump came as the EU and US began tariff negotiations, with EU trade ministers indicating that recent agreements between the US and UK are not their template.
According to Coinglass, over 76,000 crypto traders faced liquidations in the past 24 hours, with numbers spiking during the price surge. Analysts from JPMorgan suggest that increased corporate demand and growing state support in the US might drive Bitcoin's performance to exceed that of gold in the latter half of the year. They noted a shift where Bitcoin's recent gains have come at the expense of gold, reversing the trend seen earlier this year.
As Bitcoin's value rises, there has been an uptick in kidnapping attempts targeting cryptocurrency moguls. A recent incident in France involved an attempted abduction of Pierre Noizat's daughter and grandson, thwarted by the efforts of his son-in-law and a brave neighbor. Noizat runs a cryptocurrency trading platform, and this marks the latest in a series of such incidents.
