Bitcoin is nearing the $110,000 mark, fueled by positive sentiment from ongoing US-China trade talks and a perceived détente between Elon Musk and Donald Trump. The negotiations, which began on June 9, 2025, in London, focus on technology export controls and rare earth shipments, with potential easing of US restrictions in exchange for greater access to China's resources. This development has shifted investor sentiment, pushing the Crypto Fear & Greed Index into 'Greed' territory. Bitcoin is currently trading at $109,406, with altcoins like Ethereum, Solana, and Dogecoin also experiencing gains.