Bitcoin Eyes $110K Again as Altcoins Rise; Market Steadies Amid EU Tariff Talks

# Bitcoin Reaches for $110,000 as Cryptocurrencies Surge; Altcoins Join Uptrend The cryptocurrency market exhibited bullish momentum on the 27th as Bitcoin (BTC) made another attempt to surpass the $110,000 barrier. Altcoins also displayed a simultaneous upward trend. Investor sentiment improved, driven by the resumption of tariff negotiations between the European Union (EU) and the United States, lifting the overall market. Meanwhile, U.S. stock markets were closed on the 26th in observance of Memorial Day. As of 6 a.m. on the 27th, the total cryptocurrency market capitalization rose by 1.41% from the previous day, reaching $3.43 trillion. In terms of liquidity, 24-hour trading volume increased by 4.62% to $106.4 billion, easing short-term liquidity constraints. Bitcoin’s market dominance saw a slight increase of 0.14 percentage points, reaching 63.4%. # Bitcoin Surges, Briefly Retraces After Topping $110,000 Bitcoin (BTC) climbed 1.75% over the last 24 hours, trading at $109,568. Earlier in the session, it broke through the $110,000 level but experienced a slight pullback. Ethereum (ETH) also saw gains, rising 1.57% to $2,563. # Dogecoin Leads Altcoin Gains Among major cryptocurrencies, Dogecoin (DOGE) recorded the highest gains, surging 2.67% to $0.2257. Solana (SOL) rebounded 1.77%, reclaiming $175.22, while Cardano (ADA) increased 1.22%, trading at $0.7564. Conversely, XRP (XRP) recorded a modest gain of 0.39%, settling at $0.519. However, it remained under pressure on a weekly basis, down 2.92%. Despite recognition from the World Economic Forum, which highlighted the XRP Ledger (XRPL) as vital for global asset tokenization, XRP’s price remained largely unaffected. # Market Sentiment Indicates Optimism The Fear and Greed Index stood at 69, categorized as "Greed," indicating that market participants are optimistic about a continued upward trend. # U.S.-EU Trade Talks Resume In broader macroeconomic news, U.S. President Donald Trump postponed the decision to impose a 50% tariff on EU imports by one month. Subsequently, trade representatives from the U.S. and the EU resumed their dialogue, ushering in a new phase of negotiations. Renewed optimism from these trade talks has created a favorable environment for risk assets, including cryptocurrencies.