#BTC Breaks $99K HOT MOMENTS: Bitcoin (BTC) Price Surpassed 102,000 Dollars, Ethereum (ETH) Rallied! Here are the Reasons for the Rise, Liquidations, and Latest Situation!

The cryptocurrency market is experiencing one of the major rising days it has longed for. Here is the latest situation.
The world's largest cryptocurrency Bitcoin has surpassed 100,000 dollars today after a long time.
Only a 6% increase remains to reach the all-time high price level for BTC.

Ethereum indeed experienced an impressive and surprising rally today. The largest altcoin rose over 20% in the last 24 hours.
It is trading at 2,186 dollars. With this rise, ETH has achieved its largest value increase since 2021.

The reason for the rise is attributed to the fact that today the US has engaged in more moderate discussions and signed agreements with many countries regarding customs tariffs. A customs tariff agreement with a rate of 10% has been signed between the US and the UK. Additionally, the situation has softened with China, which is perhaps the most tense side of the customs tariff crisis. The US administration reported that next week the customs tariffs imposed on China could be reduced to around 50%.
Finally, the expression of the U.S.'s determination to end the Russia-Ukraine war, Ukraine's warm acceptance of a 30-day ceasefire, and the positive outcome of the meetings between Zelensky and Trump have also contributed to the reduction of tension in the geopolitical environment and sparked a rally in cryptocurrencies.

With the rise in the cryptocurrency market, large liquidations were also observed. According to Coinglass data, the cryptocurrency market experienced a massive liquidation of 793 million dollars in the last 24 hours. Of these, 694 million dollars were in short positions.
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