Bitcoin has surged past the $110,000 mark, driven by renewed optimism from U.S.-China trade talks. Trading volumes for Bitcoin increased by 55% to $58.45 billion. Ethereum also experienced a significant rise, climbing over 8% to exceed $2,700, with trading volume nearly doubling to $22.32 billion. The global cryptocurrency market capitalization rose by 4.10% to $3.44 trillion in the last 24 hours. The U.S.-China trade discussions, held in London, are expected to address tensions related to rare earth minerals, following a 90-day tariff truce agreed upon in May. Analyst Michaël van de Poppe noted a resistance area for Ethereum between $2,700 and $2,750, suggesting a potential breakout if surpassed. The Crypto Fear & Greed Index indicated a rise in 'Greed' sentiment, reflecting strong buying pressure.