Bitcoin recently surged past $110,000 for the first time in nearly two weeks, marking a significant recovery since dropping below $101,000 earlier this month. The cryptocurrency hit around $110,100, up 3.5% within 24 hours, and is now less than 2% shy of its all-time high of $111,814 set in May. This rally aligns with positive investor sentiment regarding trade discussions between the U.S. and China, contributing to a broader increase in digital asset values, including Ethereum and Dogecoin. During this upswing, nearly $323 million in crypto short positions were liquidated, particularly impacting Bitcoin, which accounted for $196 million. The total crypto market capitalizations rose as well, reflecting renewed optimism in the market.

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